Log In/Sign Up
1228 W Glenlake Ave
Chicago, IL 60660
Edgewater Glen Multi-family Investment Opp · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Beautiful solid and extra-wide high-income rental property rents quickly and is fully leased into 2024
- The top-floor apartment is truly one-of-a-kind, featuring luxury finishes, lofted ceilings, exposed brick, custom cabinetry
- Agent owned property since 1999 is nearing the end of the depreciation cycle and will sell into a 1031 exchange.
- RS-3 Zoning. Oversized 37.5'x125' lot; $90,900 Gross Income; Approx $65k NOI; 5.83 CAP rate and a GRM of 12.10!!
- Rents for these apartments are always above comparable rates in the area due to the exceptional quality the property offers.
Property Facts
| No. Units | 3 | Building Size | 4,312 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1911/2000 |
| Lot Size | 0.11 AC | Parking Ratio | 0.7/1,000 SF |
| Zoning | RS3 | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.11 AC |
| Building Size | 4,312 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1911/2000 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | RS3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Breakfast Nook
- Built-In Bookshelves
- Deck
- Dining Room
- Double Pane Windows
- Intercom
- Island Kitchen
- Smoke Free
- Window Coverings
Site Amenities
- Laundry Facilities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,525 | 1,000 - 1,200 |
| 2+2 | 1 | $2,850 | 1,500 - 1,600 |
| 3+1 | 1 | $3,200 | 1,300 - 1,400 |
Property Taxes
| Parcel Number | 14-05-122-058-0000 | Improvements Assessment | $48,411 |
| Land Assessment | $43,589 | Total Assessment | $92,000 |
Property Taxes
Parcel Number
14-05-122-058-0000
Land Assessment
$43,589
Improvements Assessment
$48,411
Total Assessment
$92,000
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
