2234-2236 N Western Ave - Apartments FOR SALE


Chicago, IL 60647- Logan Square
$1,400,000 USD
847-809-8979
2234-2236 N Western Ave, Chicago, IL for Sale
$1,400,000 USD
Apartments - FOR SALE
1/5
null | 6.05% Cap Rate

2234-2236 N Western Ave
Chicago, IL 60647
Logan Square


HIGHLIGHTS

  • Strong Logan Square Location/Located off Main Commercial Throughfare
  • (4) Apartment Units & (1) Ground Floor Restaurant Space (Formerly Taqueria Chingon)
  • Studio, One, & 2 Bedroom Units
  • Updated Apartments Throughout
  • Ability to Push Rents As-Is
  • Strong Visibility for Retail Tenant

OVERVIEW

This property is located within the boundaries of the Northwest Side Preservation Ordinance. Interra Realty has been exclusively engaged to market the attached subject opportunity for sale. The subject opportunity is a five-unit mixed-use asset in Chicago's Logan Square Neighborhood. The apartments feature a unit mix of studio, one and two-bedroom layouts while the retail space is fully built out for a restaurant (formerly Taqueria Chingon). The attached subject opportunity is broken down between the retail with an apartment above in the front building and a three-unit Coach House in the rear. The apartments feature individual HVAC and individual hot-water heaters. Additionally, the building features updated electric and plumbing throughout and laundry onsite. Each apartment has been rehabbed in the last few years with new floors, new kitchens that feature stainless steel appliances, new windows, and new bathrooms. The attached subject property allows for a new investor to step into a well-positioned asset that will continue to appreciate over time.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$427 USD /SF

# OF UNITS

4

PRICE/UNIT

$350,000

CAP RATE

6.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1888

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,129 SF

ZONING

b32

APN/PARCEL ID

13-36-213-025-0000

ASK ABOUT THIS PROPERTY

Harrison PinkusInterra RealtyMore Info
847-809-8979

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Harrison PinkusInterra RealtyMore Info
847-809-8979

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