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1640-1642 W Fargo Ave 6 Unit Apartment Building $1,500,000 ($250,000/Unit) Chicago, IL 60626
Investment Highlights
- Less than two blocks from the CTA Red Line Jarvis and Howard stations
- (3) 2BR/1Ba and (3) 2BR/1.5Ba units with open layouts, luxury kitchens and dedicated office area
- Secure exterior parking for each unit
- A few blocks from Lake Michigan (Fargo Beach)
- Each unit has individual HVAC and secure basement storage, building gut renovated in 2011
Executive Summary
95 Realty, as exclusive advisor, is pleased to offer for purchase 1640 W. Fargo, a 6-unit center-entrance apartment building in the Rogers Park neighborhood on Chicago's Northside. The property was gut-renovated in 2011 and features (3) 2BR/1Ba and (3) 2BR/1.5Ba units with luxury kitchens and bathrooms. Building upgrades included brand new electric, copper plumbing, separate mechanicals, windows, and porches. The property features (6) gated exterior parking spaces, laundry facilities, and storage.
The property is situated a few blocks from Lake Michigan and Evanston, IL, home of Northwestern University. Tenants have excellent transit options with the Jarvis and Howard CTA stations with access to downtown, Evanston and Skokie. Rogers Park is home to Loyola University and an array of diverse cultures, restaurants, lakefront beaches, and parks.
The property is situated a few blocks from Lake Michigan and Evanston, IL, home of Northwestern University. Tenants have excellent transit options with the Jarvis and Howard CTA stations with access to downtown, Evanston and Skokie. Rogers Park is home to Loyola University and an array of diverse cultures, restaurants, lakefront beaches, and parks.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,400 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1911/2011 |
| Apartment Style | Low-Rise | Parking Ratio | 1.11/1,000 SF |
| Zoning | B2-3 | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1911/2011 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | B2-3 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Heating
- Bay Window
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Sunroom
- Walk-In Closets
- Deck
- Dining Room
- Family Room
- Office
- Pantry
- Porch
- Large Bedrooms
Site Amenities
- Laundry Facilities
- Security System
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 900 |
| 2+1.5 | 3 | - | 900 |
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Very walkable
80/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 11-30-412-002-0000 | Improvements Assessment | $70,245 |
| Land Assessment | $16,322 | Total Assessment | $86,567 |
Property Taxes
Parcel Number
11-30-412-002-0000
Land Assessment
$16,322
Improvements Assessment
$70,245
Total Assessment
$86,567
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