1958 North Ave, Chicago, IL 60622
9 Unit Apartment Building | $12,578,125 ($1,397,569/Unit) | 5.60% Cap Rate | Chicago, IL 60622
For Sale
Active
Asking Price $12,578,125
- Property Type
-
Multifamily
- Square Feet
- 13,076 SF
Listing Contacts
Justin Ross
Property Overview
1958 W. North Avenue offers and investor a unique opportunity to capture one of the hard corners in the heart of Bucktown. A trophy asset in a trophy location will provide for a good long-term hold, or even an addition to a generational portfolio. These sites don't come around often and this is fully renovated and 100% occupied with strong leases.
Property Details
- Class
- C
- Year Built/Renovated
- 1889/2022
- Stories
- 3
- Lot Size (sq. ft)
- 4,356 SF
- Units
- 9
Highlights
- Trophy Asset in a Trophy Location- Capture one of the prominent, hard corners in the heart of Bucktown
- NNN Chase Bank on ground floor with brand new apartments above
- 10 Year Chase lease with escalations- AA National Credit Tenant
- Unmatched visibility in Chicago's most prominent retail, nightlife, transit areas
- Elevator building with sophisticated units and ease of rents and operations
- Chase income $385,850 annually currently.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].