2630 W Winnemac Ave - Multi-Family FOR SALE


Chicago, IL 60625- Lincoln Square
$1,600,000 USD
773-293-5045
2630 W Winnemac Ave, Chicago, IL for Sale
$1,600,000 USD
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

2630 W Winnemac Ave
Chicago, IL 60625
Lincoln Square


HIGHLIGHTS

  • Center-entrance 6-unit in Lincoln Square
  • Current rents are 43% below market for comparable modernized product
  • 0.5 Miles to the Rockwell CTA Brown Line
  • 0.6 Miles from the Lincoln Ave shopping corridor
  • 30+ Years of current ownership

OVERVIEW

Kiser Group has been exclusively engaged to market for sale 2630-32 W. Winnemac, a center-entrance 6-flat in Chicago's Lincoln Square neighborhood. This 1928 vintage property has been with the same family for over 30 years and is positioned 0.6 miles from the Lincoln Ave shopping corridor and 0.5 miles from the Rockwell CTA Brown Line. 2630-32 W. Winnemac is comprised of six (6) ~1400 sqft apartments, each with 3 bedrooms, 1 bathroom, and separate living and dining rooms, plus five (5) garage parking spaces for additional income. The property was maintained by an owner-occupant and capital projects included work to the parapet wall, tuckpointing, roof, porches, and plumbing. All units feature charming vintage finishes and are ready for a refresh. With the acquisition of 2630-32 W. Winnemac, a new investor has the opportunity to acquire a generational Lincoln Square asset and add value by renovating the property, reconfiguring apartment layouts to 3 Bed / 2 Bath floor plans, and moving rents to market levels. Current rents are 43% below market for comparable modernized product.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

6

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

13-12-405-012-0000

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 Policy.