6748-6750 N Ashland Ave - Apartments FOR SALE


Chicago, IL 60626- Rogers Park
$11,500,000 USD
773-293-5045
6748-6750 N Ashland Ave, Chicago, IL for Sale
$11,500,000 USD
Apartments - FOR SALE
1/5
null | 6.56% Cap Rate

6748-6750 N Ashland Ave
Chicago, IL 60626
Rogers Park


HIGHLIGHTS

  • 78-Unit Historical Mid-Rise Building
  • Mostly One-Bedroom Apartments
  • Modernized Unit Finishes - Stainless Steel, Granite Countertops
  • 0.4 Miles to Morse CTA Red Line Station
  • 0.5 Miles to Rogers Park Metra
  • 0.7 Miles to Lake Michigan

OVERVIEW

Kiser Group has been exclusively engaged to market for sale 6748–50 N. Ashland, a 78-unit vintage mid-rise apartment building located in Chicago’s Rogers Park neighborhood. Originally constructed in 1927, the property features prominent Art Deco influences and retains much of its original architectural character. The building is situated along the Ashland Avenue corridor, approximately 0.4 miles from the Morse CTA Red Line Station, 0.5 miles from Rogers Park Metra Station, and 0.7 miles west of Lake Michigan. 6748-50 N. Ashland features a unit mix of eight (8) studios, sixty-nine (69) one-bedroom / one-bath apartments, and one (1) two-bedroom / one-bath unit. Apartment interiors blend modern upgrades with original architectural details including crown molding, keyhole doorways, and retro bathroom tile flooring. Renovated units feature stainless steel appliances, refinished hardwood or vinyl flooring, dishwashers, and granite countertops. Building amenities include a lobby, elevator, laundry facilities, and tenant storage lockers. Located in one of Chicago’s most diverse and transit-oriented neighborhoods, 6748-50 N. Ashland benefits from close proximity to public transportation, neighborhood retail, and lakefront recreation. The offering presents investors with the opportunity to acquire a 78-unit asset with scale in a highly sought-after North Side location with strong and consistent rental demand.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

78

PRICE/UNIT

$147,436

CAP RATE

6.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1932

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,250 SF

ZONING

RT-4

APN/PARCEL ID

11-31-408-007-0000,11-31-408-008-0000

ASK ABOUT THIS PROPERTY

Jacob PriceKiser GroupMore Info
773-293-5045

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Jacob PriceKiser GroupMore Info
773-293-5045

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