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Listed by Lisa Magidsonof North Clybourn Group, Inc.
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12739535
Year Built 2008
Annual Tax Amount $28,377
Tax Year 2024
Lot Dimensions 50X125
Property Sub-Type Multi Family 5+
Property Description
Excellent investment opportunity at 5644 N California Avenue! This well-maintained, newer-construction 6-unit multifamily building offers an attractive opportunity for investors looking to add a strong income-producing asset to their portfolio or buyers seeking a potential 1031 exchange property. The building features six spacious units with desirable layouts, quality finishes, in-unit laundry, individual HVAC, outdoor space, and on-site parking. Tenants are responsible for their own utilities, helping keep owner-paid operating expenses manageable. The property has been thoughtfully maintained, with the owner utilizing a dedicated GC for ongoing maintenance and improvements. Recent capital and turnover work have included some appliance and mechanical replacements, railings, as well as roof and tuckpointing work. With a desirable unit mix, and the potential to benefit from future rent growth, this is an appealing long-term investment. Ideal for a seasoned investor, portfolio buyer, or 1031 exchange purchaser looking for a quality Chicago multifamily asset. Conveniently located near shopping, dining, transportation, parks, and neighborhood amenities. Please inquire for rent roll, operating expenses, and additional investment information.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Individual
Fireplace N
Exterior
Utilities Available Water Available
View Y/N true
Building
Water Municipal Water
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com