2050-52 W Fargo Ave 2050 W Fargo Ave 12 Unit Apartment Building $2,100,000 ($175,000/Unit) 6.29% Cap Rate Chicago, IL 60645

Kiser Group has been exclusively engaged to market 2050-52 W Fargo Ave, a 13-unit walk-up apartment building located in Chicago’s Rogers Park neighborhood. The property includes 13 large units presenting a compelling value-add opportunity in a strong North Side rental market.
The building has been under the same ownership for over 30 years and has been well-maintained throughout that time. Recent capital improvements include a full roof tear-off and parapet wall rebuild (2014), fully rebuilt boiler (2025), new windows (2010), porch replacement (2005), and tuckpointing (2023). The unit mix consists of (9) 1bd/1ba and (4) 2bd/1ba apartments, all featuring spacious layouts with separate dining rooms. The property also includes a seven-car garage, providing additional income potential.
A new owner has the opportunity to unlock substantial value through cosmetic upgrades to kitchens, bathrooms, and common areas, along with potential layout improvements to enhance functionality and appeal. With rents currently below market due to long-term tenancy, the property offers immediate upside potential through renovations and efficient operations.