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This Multifamily Property is no longer advertised on LoopNet.com.

1940 W Addison St
Chicago, IL 60613
Multifamily Property For Sale · 6 Units

Investment Highlights

  • Rarely available center entrance six-flat located in Chicago's desirable Roscoe Village neighborhood
  • Three of the six units have been updated with stainless steel appliances, modern cabinetry, granite counters, and new baths
  • Less than one mile from historic Wrigley Field, Southport Corridor, and surrounding new developments, restaurants, and bars
  • Located 0.12 miles west of the Addison CTA Brown Line station, steps from numerous CTA bus routes
  • Unit mix: six (6) two bedroom/one bath units with separate living and dining rooms + a six-car parking pad
  • Proven strategy for updating the remaining three units and raising rents to capture significant rental upside

Property Facts

No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 6,600 SF
Average Occupancy 100%
No. Stories 3
Year Built 1921
Parking Ratio 0.91/1,000 SF
Zoning R

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Fireplace
  • Heating
  • Kitchen
  • Hardwood Floors
  • Stainless Steel Appliances
  • Dining Room
  • Porch

Site Amenities

  • Laundry Facilities
  • Vintage Building
  • Storage Space
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 $1,740 -

Property Taxes

Property Taxes

Parcel Number
14-19-227-024-0000
Land Assessment
$76,000
Improvements Assessment
$71,250
Total Assessment
$147,250
  • Listing ID: 23847326

  • Date on Market: 8/5/2021

  • Last Updated:

  • Address: 1940 W Addison St, Chicago, IL 60613

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