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ROGERS PARK MULTI-BUILDING INVESTMENT 3 Properties Offered at $3,169,000 in Chicago, IL
INVESTMENT HIGHLIGHTS
- Loyola University (with an annual enrollment of 17,000 students) is located directly east of the property, less than 1-mile away (5-minute drive).
- Flexible, multi-use spaces for industrial, flex, office, creative (artist studios) with parking for 30+ Cars
- In 1919, Zenith Radio Corp. (a small manufacturer of radio equipment) was founded at 6433 Ravenswood
- In 2022, Rogers Park was ranked as a top 5 neighborhood to live in the United States by Money Magazine.
- Asking Price Reduced!
- Since 2015, 6433 Ravenswood is home to the CIADC (Chicago Industrial Arts & Design Center)
EXECUTIVE SUMMARY
6415-6433 Ravenswood is an incredible multi-building complex located in Rogers Park, right at the border with Edgewater. The property is comprised of three buildings totaling 38,504 square feet. The lot size is approx. 31,878 square feet. 6415 is a two-story building, 6417 is a single-story and 6433 Ravenswood is three-stories tall. 6433 Ravenswood, built in 1911, is of historical significance and participates in the annual architecture festival known as "Open House Chicago". Today the multi-use complex is leased to industrial/flex tenants including the Chicago Industrial Arts Center (opened in 2015), Evanstonia Antiques and U-Haul. The property is located next to a neighborhood strip center, with easy access to major streets. It is only one mile from Loyola University, with an annual enrollment of 17,000 students.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $3,169,000 | Number of Properties | 3 |
| Price / SF | $59.79 / SF | Individually For Sale | 0 |
| Cap Rate | 9% | Total Building Size | 53,000 SF |
| Sale Type | Investment | Total Land Area | 1.45 AC |
| Status | Active |
| Price | $3,169,000 |
| Price / SF | $59.79 / SF |
| Cap Rate | 9% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 53,000 SF |
| Total Land Area | 1.45 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 6433 N Ravenswood Ave, Chicago, IL 60626 | Flex | 12,000 SF | 1954 | - |
| 6415 N Ravenswood Ave, Chicago, IL 60626 | Industrial | 30,000 SF | 1954 | - |
| 6417 N Ravenswood Ave, Chicago, IL 60626 | Industrial | 11,000 SF | 1976 | - |
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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ROGERS PARK MULTI-BUILDING INVESTMENT
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