6235-6243 N Western Ave - Apartments FOR SALE


Chicago, IL 60659- West Rogers Park
$2,190,000 USD
317-403-6641
6235-6243 N Western Ave, Chicago, IL for Sale
$2,190,000 USD
Apartments - FOR SALE
1/16
null | 7.83% Cap Rate

6235-6243 N Western Ave
Chicago, IL 60659
West Rogers Park


HIGHLIGHTS

  • Recent Capital Improvements
  • Superior Location & Amenities
  • Value-Add Opportunity
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use residential and retail investment property located at 6235-43 N Western Avenue in the West Ridge neighborhood of Chicago, Illinois (the “Property”). The three-story brick building contains five (5) retail units (fully leased to three tenants) at street-level and twelve (12) residential units on the 2nd and 3rd floor. The property has 13,800 square feet of living area in 15,000 square feet of total area on a 0.26-acre parcel with a detached nine (9) bay garage, which generates additional income. The Property is well-located along N Western Avenue, one of the area’s primary commercial corridors, and is 500 feet from the intersection with W Devon Avenue, a major east-west artery. The Property provides convenient access to area highways, public transportation, and numerous retail amenities. The Property is also located within 1-mile of the Peterson/ Ridge Metra Station, 1.6-miles from Loyola University, and 2-miles from the shores of Lake Michigan.

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

17

PRICE/UNIT

$128,824

CAP RATE

7.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1953

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C2-2

APN/PARCEL ID

14-06-105-005-0000

ASK ABOUT THIS PROPERTY

John PrestonHorvath & TremblayMore Info
317-403-6641

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

John PrestonHorvath & TremblayMore Info
317-403-6641

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