Condo-Quality Three-Flat with Potential to Add Value

Sold
7716 N. Ashland Ave.
Chicago, IL 60626
8,708 SF
Multi-Family
  • Value-add apartment building with condo-quality units
  • Two leased apartments in three-flat for sale
  • Fully updated units leased to long-term tenants
  • Potential to add value to apartment building in Chicago

The Details

  • 8,708 SF multi-family building
  • Three-flat apartment building
    • Unit 1 – rented 1 bedroom
    • Unit 2 – rented 2 bed, 2 bath
    • Duplex – 3 bed, 3.5 bath
  • Units 1 & 2 are condo-quality
  • Duplex unit is partially finished and can potentially be split into 2 units
  • Great opportunity to add value
  • Pro Forma NOI: $70,785
  • Individually metered units
  • Three car garage at rear of site
  • Land Area: 3,960 SF
  • Zoning: RT-4

Bank Orders Sale

A three-flat apartment building with the potential to add value is available for sale. The building has two condo-quality apartments, both of which are currently leased. Both of these units have updated kitchens and baths, in-unit laundry, hardwood floors, radiant floor heating and central air. The building also includes a duplex unit that is partially finished with many of the same condo-quality features and can potentially be split into two units. There is also a three car garage with a rooftop deck.

Rogers Park is a neighborhood on Chicago’s far north side on the border with Evanston. This building is less than a block away from Gale Elementary Community Academy, a math and science focused elementary school.

Property Contacts

312-338-3003
312-338-3001

Property Inquiry

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