2054 W Chase Ave - Apartments FOR SALE


Chicago, IL 60645
$1,725,000 USD
773-606-1450
2054 W Chase Ave, Chicago, IL for Sale
$1,725,000 USD
Apartments - FOR SALE
1/10
null | 6.22% Cap Rate

2054 W Chase Ave
Chicago, IL 60645


HIGHLIGHTS

  • Condo Quality Finishes w/ In-Unit Laundry
  • 2007 Construction w/ Very Attractive Unit Mix
  • Four Garages & 2 Outdoor Spaces
  • Fireplaces & Balconies
  • Very Strong Historical Occupancy
  • Professionally Managed

OVERVIEW

Marcus & Millichap is pleased to present this multi-family real estate opportunity in the Rogers Park neighborhood of Chicago. The subject property of 2054 West Chase Avenue is located 11.5 miles north of Chicago's downtown loop area, 1.2 miles west of Lake Michigan, 0.8 miles west of the CTA's Jarvis Red Line train station, and 0.1 miles north of the CTA's Damen Avenue & Rogers Avenue bus 290 stop. The unit mix for the subject property consists of two two-bedroom one-bathroom units that measure 1,000 square feet, two three-bedroom two-bathroom units that measure 1,800 square feet, one three-bedroom two and a half bathroom unit that measures 2,000 square feet, and one four-bedroom three-bathroom unit that measures 2,200 square feet. Additionally, there are four garages and two outdoor parking spaces, accommodating parking for each unit. An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to raise current rents to conform with the rental market.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

6

PRICE/UNIT

$287,500

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2007

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

10

APN/PARCEL ID

11-30-317-024-0000

ASK ABOUT THIS PROPERTY

James ZieglerMarcus & MillichapMore Info
773-606-1450

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

James ZieglerMarcus & MillichapMore Info
773-606-1450

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