3457-3459 N Ridgeway Ave 8 Unit Apartment Building $1,399,000 ($174,875/Unit) Chicago, IL 60618
EXECUTIVE SUMMARY
Larger 8 Unit all brick Multi- Family building in up-and- coming Avondale right by South Old Irving Park and the Villa. All eight apartments have 1 Bedroom, 1 Bathroom and Living Rm. Four units have updated kitchens. Whole building is fully occupied by tenants. Most tenants on M/ M basis currently. Basement is full and has four unfinished parts with mechanicals, coin washer and dryer, all 9 meters and plenty of storage areas. Ages of some of components/ mechanicals per the owner: Newer hot water tank (2015). Newer Furnace (2014). Newer vinyl windows. Mix of copper and galvanized plumbing. Roof: total complete new layer after complete repair was done in (2017). Little backyard. Rent Roll is available in Additional info on MLS. Currently it brings annual rental Income of: $ 143,580! And expenses per the owner are: $ 15,145 plus real estate taxes: $ 16,056 *** SELLERS MOTIVATED. BRING ME AN OFFER *** Convenient location close to Blue line train on Addison St and Expressway I-90. CHECK FINANCIALS FOR RENT ROLL.
PROPERTY FACTS
| Price | $1,399,000 |
| Price Per Unit | $174,875 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1926 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 600 |
1 of 1
Walk Score®
Very Walkable (80)
Transit Score®
Excellent Transit (74)
PROPERTY TAXES
| Parcel Number | 13-23-314-001-0000 | Improvements Assessment | $72,441 |
| Land Assessment | $22,359 | Total Assessment | $94,800 |
ZONING
| Zoning Code | R3, Chicago |
