5
See all 5 photos
$3,270,000
Est. payment /mo
19,000 SqFt
Active Under Contract
6322 N Albany Avenue Chicago, IL 60659
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 19,000 sqft
Price per Sqft $172
MLS Listing ID 12298513
Year Built 1930
Annual Tax Amount $39,658
Tax Year 2023
Lot Size 0.280 Acres
Lot Dimensions 99 X 123
Property Sub-Type Multi Family 5+
Property Description
The offering consists of a 24-unit courtyard style building. The unit mix contains 7 one-bedroom, 16 two-bedroom, and 1 three-bedroom apartment. 11 of the 24 units have been fully renovated. The renovated units are achieving approximately $200 more per month in rental income than the non-renovated units. This is an opportunity for a new investor to continue with unit renovations and stabilize the operations of the property through building and unit improvements and increasing rents to market levels
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
Building
Foundation Brick/Mortar
Structure Type Brick,Concrete
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Listed by Alen Redzic • Real Realty Inc