This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
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 | - | - |
PROPERTY TAXES
| Parcel Number | 19-24-200-010-0000 | Improvements Assessment | $183,080 |
| Land Assessment | $15,120 | Total Assessment | $198,200 |
PROPERTY TAXES
