2250-2258 W Rosemont Ave 17 Unit Apartment Building $2,700,000 ($158,824/Unit) 3.93% Cap Rate Chicago, IL 60659

Presented for sale is an 17-unit corner multifamily property located at 6305 N Oakley Avenue and 2250 W Rosemont Avenue in Chicago’s desirable North Side neighborhood, West Rogers Park. The property has been family-owned and owner-operated for over 40 years, representing a rare opportunity to acquire a generational asset that has been carefully maintained with a long-term ownership mindset.
The corner location property provides strong curb appeal and benefits from its position with excellent light exposure, in a desirable North Side neighborhood known for strong renter demand, access to public transportation, proximity to neighborhood retail, dining, and community amenities.
Corner assets in this submarket are increasingly rare with limited new multifamily supply, adding long-term value and defensibility.
This offering combines stable in-place cash flow, a strong neighborhood location, and meaningful upside through operational and rental optimization, making it well suited for investors seeking a core-plus or long-term hold opportunity.
Value-Add & Upside Potential, this property offers clear pathways for value creation. Gradual rental growth creating 2 bedroom units from the 13 one bedroom units and 4 two bedroom units, coin laundry and garage parking rental increasing rents to be aligned with market conditions. Operational efficiencies under professional management. Strategic capital improvements to enhance long-term performance. Investors benefit from acquiring an asset with proven stability while retaining flexibility to implement modernization strategies over time.