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4500 N Long Ave
Chicago, IL 60630
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 7,700 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 0.22 AC | ||
| Zoning | RS-3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,700 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1950 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RS-3 |
About 4500 N LONG AVE , CHICAGO, IL 60630
This is a rare opportunity to acquire a multifamily asset owned by the same family for over 40 years in a prime location in Jefferson Park. The subject property, 4500-4510 N. Long is an eight (8) unit 1950's construction walk-up apartment building. The unit mix includes six (6) large layout 2 bedroom/1 bath units. Additionally, there are two (2) 1 bedroom/1 bath units. The property has six (8) surface parking spaces and two (2) garage spaces. An investor can unlock additional value by bringing a few long-term tenants to market rate rent; or by performing cosmetic updates to the units to increase rental income as they turn.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,000 |
| 1+1 | 2 | - | 850 |
Property Taxes
| Parcel Number | 13-16-119-011-0000 | Improvements Assessment | $33,063 |
| Land Assessment | $33,338 | Total Assessment | $66,401 |
Property Taxes
Parcel Number
13-16-119-011-0000
Land Assessment
$33,338
Improvements Assessment
$33,063
Total Assessment
$66,401
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