5644 N California Avenue,Chicago, IL 60659
Chicago, IL 60659
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.
Details
| MLS # | 12739535 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 2008 |
| Days On Site | 14 |
| Listing Provided By | North Clybourn Group, Inc. | Lisa Magidson |
Features
| Story(s) | 3 |
|---|---|
| Units | 6 |
| Zoning | MULTI |
Interior
| Cooling | Central Individual |
|---|
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Utilities | Water Available |
|---|---|
| Electric | Circuit Breakers |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 28377 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60659 |
| Area | CHI West Ridge |
| Listing VS Median (in 60659) | |
Price: $2,250,000 low | high Med: $177,500 On site: 14 low | high Med: 54 | |
Market Activity 60659
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60659 |
| Area | CHI West Ridge |
| Listing VS Median (in 60659) | |
Price: $2,250,000 low | high Med: $177,500 On site: 14 low | high Med: 54 | |
