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3100 N LeClaire Ave 4 Unit Apartment Building $800,000 ($200,000/Unit) Chicago, IL 60641
Executive Summary
Excellent entry-level multifamily opportunity for sale on the corner of N Leclaire and W Barry in hot Belmont-Cragin / Belmont Gardens neighborhood. Turnkey, well-maintained, and fully leased. 4-unit investment building also has 2 additional non-confirming garden units. Unit mix: (2) 2-bed/1-bath + (2) 1-bed/1-bath + garden units: (1) 2-bed/1-bath + (1) 1-bed/1-bath
Building has two sets of coin operated laundry, 2-car garage in rear (additional rental income potential), and individual boilers on top four units. Units features walk-in closets, pantries and original hardwood floors. Located near Wilbur Wright College, public transit, shopping and amenities, the property boasts strong curb appeal with recent sidewalk and tuck pointing work.
Investment has immediate rent-to-market upside with proven rental demand and strong cap-rate upside. Tenant responsible for gas (separate utilities).
Building has two sets of coin operated laundry, 2-car garage in rear (additional rental income potential), and individual boilers on top four units. Units features walk-in closets, pantries and original hardwood floors. Located near Wilbur Wright College, public transit, shopping and amenities, the property boasts strong curb appeal with recent sidewalk and tuck pointing work.
Investment has immediate rent-to-market upside with proven rental demand and strong cap-rate upside. Tenant responsible for gas (separate utilities).
Property Facts
| Price | $800,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 4,164 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1926 |
| Zoning | RM-5 | ||
| Price | $800,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,164 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1926 |
| Zoning | RM-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
40/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 13-28-204-035-0000 | Improvements Assessment | $60,831 |
| Land Assessment | $7,169 | Total Assessment | $68,000 |
Property Taxes
Parcel Number
13-28-204-035-0000
Land Assessment
$7,169
Improvements Assessment
$60,831
Total Assessment
$68,000
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3100 N LeClaire Ave
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