1748 W North Ave - Apartments FOR SALE


Chicago, IL 60622
$4,400,000 USD
847-962-7711
1748 W North Ave, Chicago, IL for Sale
$4,400,000 USD
Apartments - FOR SALE
1/12
null | 5.49% Cap Rate

1748 W North Ave
Chicago, IL 60622


OVERVIEW

Fully rented and rarely available 7-unit elevator condo quality building in the heart of Bucktown. This well-maintained building is ready for the next investor to sit back and collect rent. Monthly gross income $29,641. Two commercial store front spaces with long term leases in place with leases ending in 2028. All residential units are 3 bedrooms, 2 bath condo quality units featuring large custom kitchen with granite countertops, stainless appliances, custom cabinets opening to living room and dining room. Three true bedrooms features primary bedroom with ensuite bathroom with double bowl stone countertops, and separate shower. Large second and third bedrooms along with updated second bath. Hardwood floors throughout. All units have separate HVAC, in-unit washer and dryer and all pay their own utilities. All residential finishes similar in all units. Unit 4W and 4E have interior unit stairs to access the private roof deck. Unit 3 is a full floor with huge front and rear terrace spaces to entertain. Unit 3 features three-bedroom, two full baths plus a half bath. Full floor unit 3 primary bath has double bowl sink, separate shower plus soaking tub. Photos are from unit 4W along with floorplan, 2W are identical to 4W. 2E, 4E units are the same as 4W layout just flipped. Unit 3 is a full floor see floorplan. Finishes in the building are all high end and similar throughout. Parking spaces in the rear of the building. A member of the LLC holds an Illinois real estate license. The listing broker is not a member of the LLC.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$512 USD /SF

# OF UNITS

7

PRICE/UNIT

$628,571

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1748 W North Ave, Chicago

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2011

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C1-2

APN/PARCEL ID

14-31-428-055-0000

ASK ABOUT THIS PROPERTY

Pasquale Recchia@properties CommercialMore Info
847-962-7711

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Pasquale Recchia@properties CommercialMore Info
847-962-7711

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