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29084986
29084988

6129 N Ravenswood Ave, Chicago, IL 60660

LD
IL IL 475164126
Fulton Grace
Listed by Fulton Grace
$1,099,000
153 days on market
Updated 24 days ago

Rehabbed and Turnkey 2-unit in Edgewater

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,000
Units 2
Cap Rate 6.5%
NOI $71,462
Occupancy 100%
Price per SqFt $275
Class B
Year Renovated 2025
Buildings 1
Stories 4
Acreage 3125.000
Parking Spaces 1 per key
Investment Type Stabilized

Multifamily | 2 Units | $549,500/unit

Marketing description

Fully Rehabbed and Turnkey Two-Unit Gem in Edgewater, featuring two duplex units. Perfect for an investor looking for a turnkey asset, both units are leased until the summer of 2027. Each unit features open-concept living spaces, hardwood floors, high ceilings, and tons of natural light. Both residences are designed with versatile office spaces and dens, providing the perfect balance for today's work-from-home lifestyle or additional living flexibility. The kitchens are outfitted with sleek quartz countertops, stainless steel appliances, and custom cabinetry, while the modern bathrooms complement the home's clean, upscale aesthetic. The lower level provides a flexible space for a family room, home offices, or guest suites. The renovation includes all-new mechanicals, plumbing, electrical, HVAC, windows, and roof-offering worry-free ownership for years to come. Outside, a large two-car garage includes an expansive bonus space, ideal for a studio or storage. A generous patio area creates endless possibilities for outdoor living, entertaining, or quiet relaxation. Located just steps from the brand-new Peterson/Ridge Metra station, this property offers unbeatable access to downtown, the lake, and is walking distance to the shops, dining, and nightlife of Andersonville.

Investment highlights

Fully Rehabbed Two-Unit Gem in Edgewater, featuring two duplex units. Perfect for an investor looking for a turnkey asset, both units are leased until the summer of 2027. Each unit features open-concept living spaces, hardwood floors, high ceilings, and tons of natural light. Both residences are designed with versatile office spaces and dens, providing the perfect balance for today's work-from-home lifestyle or additional living flexibility. The kitchens are outfitted with sleek quartz countertops, stainless steel appliances, and custom cabinetry, while the modern bathrooms complement the home's clean, upscale aesthetic. The lower level provides a flexible space for a family room, home offices, or guest suites. The renovation includes all-new mechanicals, plumbing, electrical, HVAC, windows, and roof-offering worry-free ownership for years to come. Outside, a large two-car garage includes an expansive bonus space, ideal for a studio or storage. A generous patio area creates endless possibilities for outdoor living, entertaining, or quiet relaxation. Located just steps from the brand-new Peterson/Ridge Metra station, this property offers unbeatable access to downtown, the lake, and is walking distance to the shops, dining, and nightlife of Andersonville.

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Listing Contacts

LD
IL IL 475164126
Fulton Grace
Listed by Fulton Grace

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,462.00
$5,955.17/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Lawrence Dunning
License
IL 475164126
Brokerage Phone
7736986648
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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