Log In/Sign Up
Your email has been sent.
3457-3459 N Ridgeway Ave 8 Unit Apartment Building $1,299,990 ($162,499/Unit) 7.40% Cap Rate Chicago, IL 60618
Executive Summary
New price! Larger 8 Unit all brick Multi- Family building in up-and- coming Avondale right by South Old Irving Park and the Villa. All eight apartments have 1 Bedroom, 1 Bathroom and Living Rm. Two units have updated kitchens. Currently 7 units are occupied by tenants and 8th unit is currently vacant. Tenants on M/ M basis. Basement is full and has four unfinished parts with mechanicals, coin washer and dryer, all 9 meters and plenty of storage areas. Ages of some of components/ mechanicals per the owner: Newer hot water tank (2015). Newer Furnace (2014). Newer vinyl windows. Mix of copper and galvanized plumbing. Roof: total complete new layer after complete repair was done in (2017). Little backyard. Rent Roll is available in Additional info on MLS. Currently it brings annual rental Income of: $ 143,580! And expenses per the owner are: $ 15,145 plus real estate taxes: $ 16,056 *** SELLERS MOTIVATED. BRING ME AN OFFER *** Convenient location close to Blue line train on Addison St and Expressway I-90. CHECK FINANCIALS FOR RENT ROLL.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,299,990 | Apartment Style | Low-Rise |
| Price Per Unit | $162,499 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.40% | Building Size | 4,800 SF |
| No. Units | 8 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1926 |
| Zoning | R3, Chicago | ||
| Price | $1,299,990 |
| Price Per Unit | $162,499 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1926 |
| Zoning | R3, Chicago |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 600 |
1 1
Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (75)
Property Taxes
| Parcel Number | 13-23-314-001-0000 | Improvements Assessment | $72,441 (2025) |
| Land Assessment | $22,359 (2025) | Total Assessment | $94,800 (2025) |
Property Taxes
Parcel Number
13-23-314-001-0000
Land Assessment
$22,359 (2025)
Improvements Assessment
$72,441 (2025)
Total Assessment
$94,800 (2025)
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3457-3459 N Ridgeway Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.