3457-3459 N Ridgeway Ave - Apartments FOR SALE


Chicago, IL 60618
$1,399,000 USD
773-655-7597
3457-3459 N Ridgeway Ave, Chicago, IL for Sale
$1,399,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

3457-3459 N Ridgeway Ave
Chicago, IL 60618


OVERVIEW

Larger 8 Unit all brick Multi- Family building in up-and- coming Avondale right by South Old Irving Park and the Villa. All eight apartments have 1 Bedroom, 1 Bathroom and Living Rm. Four units have updated kitchens. Whole building is fully occupied by tenants. Most tenants on M/ M basis currently. Basement is full and has four unfinished parts with mechanicals, coin washer and dryer, all 9 meters and plenty of storage areas. Ages of some of components/ mechanicals per the owner: Newer hot water tank (2015). Newer Furnace (2014). Newer vinyl windows. Mix of copper and galvanized plumbing. Roof: total complete new layer after complete repair was done in (2017). Little backyard. Rent Roll is available in Additional info on MLS. Currently it brings annual rental Income of: $ 143,580! And expenses per the owner are: $ 15,145 plus real estate taxes: $ 16,056 *** SELLERS MOTIVATED. BRING ME AN OFFER *** Convenient location close to Blue line train on Addison St and Expressway I-90. CHECK FINANCIALS FOR RENT ROLL.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

8

PRICE/UNIT

$174,875

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,166 SF

ZONING

R3, Chicago

APN/PARCEL ID

13-23-314-001-0000

ASK ABOUT THIS PROPERTY

Jacek PiktelColdwell Banker Commercial RealtyMore Info
773-655-7597

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Jacek PiktelColdwell Banker Commercial RealtyMore Info
773-655-7597

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