Listed by @properties
$5,700,000
1508-1512 W Farwell Avenue
Details
APN 11321150180000
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Units 22
Cap Rate 5.40%
NOI $355,432
Class B
Year Built 1963
Stories 5
Lot Size (SqFt) 17,200
Zoning MULTI
Court Yard Apartment Building!
Marketing description
COURT YARD BUILDING! 22-Unit Apartment Building with 22 Parking Spaces - Prime Rogers Park Location. Exceptional investment opportunity in the heart of Rogers Park! This solid brick 22-unit multi-family building includes a rare 22 adjacent parking spaces, all included in the sale. The property has been mostly remodeled with updated kitchens and bathrooms, offering strong rental appeal and low maintenance moving forward. Roof is newer. Unit mix includes 2-bedroom, 1-bedroom, and studio apartments, providing versatility and broad tenant demand. There are 3 units that could easily be converted to 3 bedroom apartments. Additional highlights: On-site laundry for added income Walking distance to the Red Line train Strong rental location with historically low vacancy. Adjacent parking lot included. Prime transit-oriented location makes this a highly desirable rental property with stable income potential.
Investment highlights
Listing Contacts
Listed by @properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$355,432.00
$29,619.33/mo
Valuation Metrics
0
DSCR
6.24%
Cap Rate
6.24%
ROI
Map
Zoning
RT-4 ResidentialMulti FamilyResidential Two Flat Townhouse And Multi Unit District
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View all 49 uses
View all 49 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
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