6654-6656 W Devon Ave - Apartments FOR SALE


Chicago, IL 60631- Norwood Park
$1,200,000 USD
312-415-9586
6654-6656 W Devon Ave, Chicago, IL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/14
null | 6.07% Cap Rate

6654-6656 W Devon Ave
Chicago, IL 60631
Norwood Park


HIGHLIGHTS

  • Exclusive Rental Market
  • Transit Oriented Location
  • Value Add Potential
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 6654-6656 W Devon Avenue in Chicago, Illinois (the "Property"). The offering consists of a beautiful three-story yellow brick building consisting of 6 rentable units with a mix of four (4), 1-Bedroom/1-Bathroom units and two (2), 2-Bedroom/1-Bathroom apartments containing over 5,000 square feet of net livable space. The property sits on a large 0.15-acre lot with a standalone three-car garage and an additional parking space for one vehicle in the rear. Features include spacious units, high ceilings, contemporary kitchens, engineered hardwood bedroom floors, large bay windows, abundant closet space and a huge backyard with patio. Recent major capital improvements include the installation of a high efficiency boiler in 2015 and a completely new tear-off roof in 2009. The property is nestled between two of the most desirable communities in the northwest side of Chicago, Forest Glen and Jefferson Park. The property is located just minutes from a variety of retail, dining and entertainment options along with heavily traveled Devon and Milwaukee Avenues. Other location features include close proximity to both the Caldwell Woods and Edgebrook Woods forest preserves, and the Edgebrook golf course.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

6.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,562 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John MeyerHorvath & TremblayMore Info
312-415-9586

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John MeyerHorvath & TremblayMore Info
312-415-9586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.