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6321-6331 S California Ave
Chicago, IL 60629
Multifamily Property For Sale
·
31 Units

PROPERTY FACTS
| No. Units | 31 | Lot Size | 0.35 AC |
| Property Type | Multifamily | Building Size | 24,537 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | B | ||
| Zoning | RS-3 | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 24,537 SF |
| No. Stories | 4 |
| Year Built | 1923 |
| Zoning | RS-3 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Security System
ABOUT 6321-6331 S CALIFORNIA AVE , CHICAGO, IL 60629
The property features a steam boiler (2009) and central hot water tank (2009). Roof and tuck-pointing repairs have been made as needed by the current ownership. There are two laundry facilities on-site which are not currently being used - a new owner can utilize these as an amenity to further increase the monthly income. 6321 S. California offers the opportunity to purchase courtyard property with true value-add opportunity through improved leasing and management. Current rents are well below market value as many tenants have resided in the property for years. The building is located in a federally recognized Opportunity Zone where investors can re-invest capital gains to receive an IRS tax break. The program encourages long-term investment and job creation.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | - | - |
| 2+1 | 6 | - | - |
LINKS
PROPERTY TAXES
| Parcel Number | 19-24-200-010-0000 | Improvements Assessment | $183,080 |
| Land Assessment | $15,120 | Total Assessment | $198,200 |
PROPERTY TAXES
Listing ID: 17723141
Date on Market: 11/14/2019
Last Updated:
Address: 6321-6331 S California Ave, Chicago, IL 60629
The Marquette Park Multifamily Property at 6321-6331 S California Ave, Chicago, IL 60629 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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