2325 North Ave, Chicago, IL 60647

5 Unit Apartment Building | $2,250,000 ($450,000/Unit) | 7% Cap Rate | Chicago, IL 60647

Asking Price $2,250,000

Property Type: Multifamily
Square Feet: 6,930 SF

Listing Contacts

Joe Smazal

Lucas Fryman

Mark Dykstra

Property Overview

Interra Realty has been exclusively engaged to market 2325 W. North Avenue Chicago, for sale. The subject investment property is a rarely available mixed-use asset in a prime location in the Wicker Park Neighborhood. The property is comprised of four apartments over 3,200 SF of retail.
The street-level retail is leased to a medical group practice Balanced Flow Wellness that specializes in physical medicine and rehabilitation. Balanced Flow Wellness uses a unique blend of manual therapy, rehab, traditional medicine and cutting-edge treatments to find solutions to pain and encouragement to achieve optimal health and performance.

Property Details

Class: B
Year Built: 1876
Stories: 3
Lot Size (sq. ft): 3,049 SF
Units: 5

Highlights

Renovated Mixed-Use Property in Dynamic Wicker Park Location
Modern Apartment Finishes, In-Unit Laundry, and Individual HVAC
Recently Executed Lease with Physical Therapy Tenant for First and Basement Levels
Income Generating Two Car Garage

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