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6129 N Ravenswood Ave - Rehabbed Cash Cow in Ravenswood 2 Unit Apartment Building Offered at $1,049,000 at a 7.26% Cap Rate Chicago, IL 60660
EXECUTIVE SUMMARY
Fully Rehabbed Two-Unit Gem in Edgewater, featuring two duplex units. perfect for an owner-occupant seeking rental income or an investor looking for a turnkey asset. Each unit features open-concept living spaces, hardwood floors, high ceilings, and tons of natural light. Both residences are designed with versatile office spaces and dens, providing the perfect balance for today's work-from-home lifestyle or additional living flexibility. The kitchens are outfitted with sleek quartz countertops, stainless steel appliances, and custom cabinetry, while the modern bathrooms complement the home's clean, upscale aesthetic. The lower level provides a flexible space for a family room, home offices, or guest suites. The renovation includes all-new mechanicals, plumbing, electrical, HVAC, windows, and roof-offering worry-free ownership for years to come. Outside, a large two-car garage includes an expansive bonus space, ideal for a studio or storage. A generous patio area creates endless possibilities for outdoor living, entertaining, or quiet relaxation. Located just steps from the brand-new Peterson/Ridge Metra station, this property offers unbeatable access to downtown, the lake, and is walking distance to the shops, dining, and nightlife of Andersonville.
PROPERTY FACTS
| Price | $1,049,000 | Apartment Style | Low-Rise |
| Price Per Unit | $524,500 | Building Size | 4,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.26% | No. Stories | 4 |
| No. Units | 2 | Year Built/Renovated | 1908/2025 |
| Property Type | Multifamily |
| Price | $1,049,000 |
| Price Per Unit | $524,500 |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1908/2025 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 2 | $3,750 | 2,500 |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
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6129 N Ravenswood Ave - Rehabbed Cash Cow in Ravenswood
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