2038-2048 W Touhy Ave 33 Unit Apartment Building $6,500,000 ($196,970/Unit) 5.99% Cap Rate Chicago, IL 60645

2038-2048 West Touhy Avenue, an exceptional 33-unit apartment building located in Chicago’s vibrant Rogers Park neighborhood, has been engaged to market for sale. Uniquely situated on a triangular lot, this well-maintained property offers a desirable unit mix consisting of primarily of 2- bedroom apartments, along with a selection of studios, 1-bedrooms and 3- bedrooms.
Gut-renovated in 2008, the building features modern upgrades including new electric service & panels for each unit, individual HVAC, new plumbing, in-unit laundry, and new rear porches. Originally intended for condos, the apartments showcase hardwood floors throughout, stainless steel appliances, granite countertops with kitchen islands and tile work in the bathrooms.
Situated on Touhy Avenue just south of Rogers Avenue, 2038-2048 West Touhy is conveniently located just blocks from the Rogers Park Metra Station and less than a mile from the Jarvis CTA Red Line station, offering seamless access to downtown Chicago and the North Shore. Multiple bus stops are also within walking distance, making commuting simple and efficient. The property is also close to neighborhood institutions like the Glenwood Sunday Market and the historic Loyola Park and beach along Lake Michigan, and Loyola University Chicago.