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1508 W Farwell Ave
Chicago, IL 60626
Multifamily Property For Sale
·
22 Units
Executive Summary
COURT YARD BUILDING! 22-Unit Apartment Building with 22 Parking Spaces - Prime Rogers Park Location. Exceptional investment opportunity in the heart of Rogers Park! This solid brick 22-unit multi-family building includes a rare 22 adjacent parking spaces, all included in the sale. The property has been remodeled with updated kitchens and bathrooms, offering strong rental appeal and low maintenance moving forward. Unit mix includes 2-bedroom, 1-bedroom, and studio apartments, providing versatility and broad tenant demand. CONDO-READY! Additional highlights: On-site laundry for added income Walking distance to the Red Line train Strong rental location with historically low vacancy Adjacent parking lot included Drone footage available in virtual tour Prime transit-oriented location makes this a highly desirable rental property with stable income potential.
Property Facts
| Price Per Unit | $272,727 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.93% | Building Size | 17,850 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1954/2015 |
| Apartment Style | Garden | Parking Ratio | 1.23/1,000 SF |
| Zoning | R4 | ||
| Price Per Unit | $272,727 |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 17,850 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1954/2015 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Storage Space
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Oven
- Range
- Linen Closet
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Security System
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,550 | 750 - 1,000 |
| 1+1 | 10 | $1,475 | 750 - 1,000 |
| 2+1 | 8 | $1,713 | 750 - 1,000 |
| 2+2 | 3 | $2,018 | 1,000 |
Property Taxes
| Parcel Number | 11-32-115-018-0000 | Improvements Assessment | $109,984 |
| Land Assessment | $19,238 | Total Assessment | $129,222 |
Property Taxes
Parcel Number
11-32-115-018-0000
Land Assessment
$19,238
Improvements Assessment
$109,984
Total Assessment
$129,222
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