6322-6324 Albany Ave, Chicago, IL 60659

24 Unit Apartment Building | $3,400,000 ($141,667/Unit) | 7.50% Cap Rate | Chicago, IL 60659

Asking Price $3,400,000

Property Type: Multifamily
Square Feet: 19,000 SF

Listing Contacts

James Clough

Verified Profile

Property Info

Property Overview

Real Realty, Inc. has been exclusively engaged to market 6322-6326 N. Albany Ave., in Chicago, IL for sale. The offering consists of a 24-uynit courtyard style, 3-story walk up building. The unit mix contains 7-one bedroom, 16-two bedroom, and 1-three bedroom apartment. 11 of the 24 units have been recently renovated. The renovated units are achieving approximately $200 more per month in rental income greater than the non-renovated units.
This is an opportunity for a new investor to continue with unit renovations, and stabilize the operations of the property through renovations, and increasing rents to market levels.

Property Details

Class: C
Year Built: 1930
Stories: 4
Lot Size (sq. ft): 6,534 SF
Units: 24

Highlights

Great West Ridge Location
Courtyard Style Property
1/2 Units on Boiler & 1/2 on Forced Air Furnaces
11 of 24 units fully renovated

Nearby Properties

Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details
$1,999,000

21,680 SF Specialty Building Offered at $1,999,000 in Harrisville, MI 48740

790 Us 23
Harrisville, MI 48740

View Details
Vacant Land located near Harborage Marina

3.71 Acres of Commercial Land in Saint Petersburg, FL 33701

1100 4Th St
Saint Petersburg, FL 33701

View Details
$5,150,000

Walgreens

14,550 SF | Retail Building | Thomson, GA 30824 | $5,150,000 ($354/SF) | 5.99% Cap Rate

668 Main St
Thomson, GA 30824

View Details
$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details

Similar Properties

$3,400,000

34 Acres of Residential Land Offered at $3,400,000 USD in Whitehall, PA 18052

3161 Church St
Whitehall, PA 18052

View Details
$3,400,000

44,689 SF | Industrial Building | Canby, OR 97013 | $3,400,000 ($76/SF)

12770 Macksburg Rd
Canby, OR 97013

View Details
$3,400,000

8,363 SF Specialty Building Offered at $3,400,000 in Arcadia, CA 91007

1424 Baldwin Ave
Arcadia, CA 91007

View Details
$3,400,000

Wilcox Building

17,389 SF | 100% Leased | Office Building | Eugene, OR 97401 | $3,400,000 ($196/SF)

466-492 13Th Ave
Eugene, OR 97401

View Details
$3,400,000

A

13.5 Acres of Commercial Land Offered at $3,400,000 USD in Orlando, FL 32826

Technology Pkwy
Orlando, FL 32826

View Details
$3,400,000

Beach Drive Inn

6 Room Hotel | Saint Petersburg, FL 33701 | $3,400,000 ($566,667/Room)

532 Beach Dr
Saint Petersburg, FL 33701

View Details
$3,400,000

..

2,700 SF | 100% Leased | Industrial Building | Chantilly, VA 20152 | $3,400,000 ($1,259/SF)

44200 Wade Dr
Chantilly, VA 20152

View Details

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].