6442-6444 N Bell Ave
Chicago, IL 60645
Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Building Size | 10,500 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1926/2016 |
| Building Class | C | Parking Ratio | 0.19/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | R4 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 10,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1926/2016 |
| Parking Ratio | 0.19/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
Site Amenities
- Laundry Facilities
About 6442-6444 N BELL AVE , CHICAGO, IL 60645
6442-44 N. Bell Ave. presents investors with a very unique opportunity to purchase an investment property in a north-side Chicago neighborhood with true value-add potential. The building was recently rehabbed in 2016/2017 and has received significant CapEx improvements to both the major building systems as well as the kitchens/baths in each unit. Such improvements include new windows (2016), copper plumbing (2016), electric service (2016) and new duct-work (2016) for the individual HVAC systems housed in each unit. In addition, all nine (9) units have been beautifully renovated to feature hardwood floors throughout, granite countertops, stainless steel appliances, espresso cabinetry, ceiling fans and central heating and air conditioning units. All units boast extremely spacious layouts, each with two large bedrooms, and three (3) of the nine (9) units also feature massive living/dining rooms that get phenomenal natural light through the east-facing bay windows. A new owner may have the opportunity to purchase the building and increase value simply by raising rents to market rate as units turn, with little work necessary. For example each unit, on average, is currently renting for $120/month less than what the market may bare for similar units, of comparable condition in this neighborhood.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | 1,100 - 1,300 |
Property Taxes
| Parcel Number | 11-31-314-019-0000 | Improvements Assessment | $74,614 |
| Land Assessment | $12,555 | Total Assessment | $87,169 |
Property Taxes
