UNDER CONTRACT – MULTI-FAMILY
2317-2325 W. Chase Ave. Chicago, IL 60645
NEIGHBORHOOD
Rogers Park
PRICE
Call for details
NUMBER OF UNITS
12
PROPERTY LISTED

Essex Realty Group, Inc. is exclusively engaged to market for sale 2317-2325 W. Chase Ave. ("the Property"), a 12-unit, walk-up apartment building located in the West Rogers Park neighborhood of Chicago. The Property is situated steps from multiple CTA bus stops and 0.70 miles from the Rogers Park UP-N Metra Station.

The building is comprised of nine (9) 1Bd/1Ba, two (2) 2Bd/1Ba, one (1) 4Bd/2Ba apartments, and two (2) parking spaces in the rear. The building features a boiler, a new A.O. Smith hot water heater installed in 2019, 200 amp electric service, and coin-operated laundry. All units feature hardwood floors throughout, white appliances, wood cabinetry, laminate countertops, vintage details, radiator heat, and window air conditioning units.

2317-2325 W. Chase Ave. presents investors with multiple investment strategies. Two bedroom units at the building are renting for an average of $1,165/month, while nearby comparable units are renting for $1,200-$1,250/month. Alternatively, there is an opportunity to update the units with modern interiors, individual HVAC, and in-unit laundry. Renovated two bedroom units are renting for $1,300-$1,350/month.

LOCATION DETAILS

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HIGHLIGHTS
  • 12-unit, vintage walk-up apartment building located in the West Rogers Park
  • Unit Mix: nine (9) 1Bd/1Ba, two (2) 2Bd/1Ba, one (1) 4Bd/2Ba apartments, and two (2) parking spaces
  • Recent capital improvements include new A.O. Smith hot water heater installed in 2019
  • 2Bd/1Ba units at the building average $1,165/month, while nearby comparable units average $1,200-$1,250/month;
  • Value-add opportunity to renovate units; Nearby renovated 2Bd/1Ba units average $1,300-$1,350/month
  • Situated steps from multiple CTA bus stops and 0.70 miles from the Rogers Park UP-N Metra Station
LISTING BROKERS
Doug Imber
President
773.305.4902
Kate Varde
Principal
773.305.4908
Clay Maxfield
Director
773.305.4852