ON MARKET – MULTI-FAMILY
3700 W. Agatite Ave. Chicago, IL 60625
NEIGHBORHOOD
Albany Park
PRICE
$1,275,000
NUMBER OF UNITS
7
CAP RATE
4.28%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 3700 W. Agatite Ave., a 7-unit walk-up building located in Chicago's Albany Park Neighborhood. The property has been owner-occupied by the same family since 1989. Please reference page 15 for the unit mix. In addition, there is one (1) 2 Bd/1 Ba in-law unit.

Since acquiring the building, the owners have only made minor updates within the units. Units feature hardwood, ceramic tile and/or carpeted floors, white or black appliances, laminate countertops, central air conditioning, separate dining and living rooms, ceiling fans and decorative fireplaces. In addition, the Owner’s unit (1E) is duplexed down and features in-unit laundry. A new owner can significantly increase value by rehabbing the units and increasing the rents to market rate. Building amenities include shared laundry in the lower level, a shared patio and three (3) garage parking spaces.

Note: All utilities are tenant paid, and all units include individual central HVAC units and separate hot water heaters.

LOCATION DETAILS

The property is located in Albany Park, situated on the northwest corner of Lawndale Ave. and Agatite Ave. The property is within close proximity to Cermak Produce, Tony's Finer Foods, CVS, Walgreens and 7-Eleven. In addition, it is within walking distance of the Kedzie and Kimball CTA stations (Brown line) and the Irving Park CTA Station (Blue line).

HIGHLIGHTS
  • Opportunity to Renovate All Units
  • Large Apartments with Great Layouts
  • Unit Mix Includes 1 Bd, 2 Bd & 3 Bd Apartments
  • Tenant Paid Utilities
  • Three (3) Garage Parking Spaces with Ability to Add an Additional Four (4) Exterior Spaces in Rear of Building
LISTING BROKERS
Vic Ciancetta
Director
773.305.4864
Doug Fisher
Principal
773.305.4910