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2325 S California Ave
Chicago, IL 60608
Multifamily Property For Sale
·
7 Units
Executive Summary
Essex Realty Group is pleased to present 2325 S. California, a 7-unit brick, walk-up building in Chicago's thriving Little Village neighborhood within Marshall Square. This property boasts a diverse unit mix of three (3) one-bedroom / one-bath apartments, one (1) two-bedroom / one-bath apartment, one (1) two-bedroom /
two-bath apartment, one (1) three-bedroom / two-bath apartment, and one (1)three-bedroom / three-bath apartment.
This one-of-a-kind property has undergone a complete gut rehabilitation with no expense spared, featuring condo-quality finishes throughout. The apartment
improvements include designer kitchens with white shaker-style cabinetry, quartz countertops, and stainless steel appliances, fully updated bathrooms with modern
vanities and tile work, and new flooring. Every unit features in-unit stackable Whirlpool washer/dryer units, individual Ruud furnaces, and Rheem tankless water heaters for ultimate efficiency and tenant convenience.
Additional building upgrades included a new 400 AMP electrical service with individual metering for each unit plus common areas. The property also offers five (5) surface parking spaces in the rear that provide additional income. This turnkey opportunity in Little Village offers savvy investors the chance to acquire a fully renovated, income-generating asset with significant growth potential. With premium amenities including in-unit laundry and modern mechanical systems, investors can command top-tier rental rates while capitalizing on the property's exceptional quality and strong performance.
two-bath apartment, one (1) three-bedroom / two-bath apartment, and one (1)three-bedroom / three-bath apartment.
This one-of-a-kind property has undergone a complete gut rehabilitation with no expense spared, featuring condo-quality finishes throughout. The apartment
improvements include designer kitchens with white shaker-style cabinetry, quartz countertops, and stainless steel appliances, fully updated bathrooms with modern
vanities and tile work, and new flooring. Every unit features in-unit stackable Whirlpool washer/dryer units, individual Ruud furnaces, and Rheem tankless water heaters for ultimate efficiency and tenant convenience.
Additional building upgrades included a new 400 AMP electrical service with individual metering for each unit plus common areas. The property also offers five (5) surface parking spaces in the rear that provide additional income. This turnkey opportunity in Little Village offers savvy investors the chance to acquire a fully renovated, income-generating asset with significant growth potential. With premium amenities including in-unit laundry and modern mechanical systems, investors can command top-tier rental rates while capitalizing on the property's exceptional quality and strong performance.
Property Facts
| Price Per Unit | $210,714 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 7,366 SF |
| Cap Rate | 6.54% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1914/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.68/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Price Per Unit | $210,714 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,366 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1914/2022 |
| Parking Ratio | 0.68/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 1 | - | - |
| 3+3 | 1 | - | - |
Property Taxes
| Parcel Number | 16-25-206-020-0000 | Improvements Assessment | $45,178 |
| Land Assessment | $8,822 | Total Assessment | $54,000 |
Property Taxes
Parcel Number
16-25-206-020-0000
Land Assessment
$8,822
Improvements Assessment
$45,178
Total Assessment
$54,000
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