2054 Chase Ave, Chicago, IL 60645

6 Unit Apartment Building | $1,725,000 ($287,500/Unit) | 6.22% Cap Rate | Chicago, IL 60645

Asking Price $1,725,000

Property Type: Multifamily
Square Feet: 10,600 SF

Listing Contacts

James Ziegler

Property Info

Property 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.

Property Details

Class: C
Year Built: 2007
Stories: 3
Lot Size (sq. ft): 6,970 SF
Units: 6

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

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