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3265 S Archer Ave 8 Unit Apartment Building $1,550,000 ($193,750/Unit) Chicago, IL 60608
Investment Highlights
- Large 2 Bed/3 Bath Duplex Loft with Sauna
- 2 Car Garage w/ High Ceilings & Support to add Additional Floor or Deck with Potential to Convert Garage to Retail/Apartment
- Numerous Updates
- New 5 Year Retail Lease
- Oversized Lot - Parking for 6 Cars
- Bridgeport/McKinley Park Area | Below Market Rents | Easy Access to I-55, I-90 & CTA Orange Line
Executive Summary
This beautifully maintained and updated corner building consists of six apartments and two retail spaces. The retail units have recently been leased to a spa on a new 5 Year Lease with options. Five of the six apartments have been updated, including an expansive duplex loft ideal as an owner’s unit, featuring large windows, a high-end kitchen with Viking appliances, and a spa-like bathroom with a Jacuzzi tub and sauna. Abundant natural light enhances each unit, showcasing the property’s quality finishes and inviting atmosphere.
All City of Chicago required updates have been completed, including newly paved basement floor, Fire Rated Drywall on the basement ceiling, electrical & new porch.
Located on a large lot with street frontage along Archer Avenue, and the building also includes a two-car garage with high ceilings—presenting potential for conversion into additional residential or retail space, or continued use as income- generating parking. A large driveway provides additional parking for multiple cars, a valuable amenity and added income opportunity.
All City of Chicago required updates have been completed, including newly paved basement floor, Fire Rated Drywall on the basement ceiling, electrical & new porch.
Located on a large lot with street frontage along Archer Avenue, and the building also includes a two-car garage with high ceilings—presenting potential for conversion into additional residential or retail space, or continued use as income- generating parking. A large driveway provides additional parking for multiple cars, a valuable amenity and added income opportunity.
Property Facts
| Price | $1,550,000 | Building Class | C |
| Price Per Unit | $193,750 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 8,150 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1888 |
| Apartment Style | Low-Rise | ||
| Zoning | C1-2 | ||
| Price | $1,550,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 8,150 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1888 |
| Zoning | C1-2 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+3 | 1 | - | - |
| 2+1 | 2 | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $82,280 | |
| Land Assessment | $26,266 | Total Assessment | $108,546 |
Property Taxes
Parcel Numbers
Land Assessment
$26,266
Improvements Assessment
$82,280
Total Assessment
$108,546
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3265 S Archer Ave
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