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32741350
32741351

1634 W Fargo Avenue, Chicago, IL 60626

DG
IL 475138602
Re/Max Properties Northwest
Listed by Re/Max Properties Northwest
$1,495,000
19 days on market
Updated 10 days ago

1634 W Fargo Avenue W

Details
APN 11304120040000
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo (+2)
Units 6
NOI $67,800
Year Built 1915
Stories 3
Lot Size (SqFt) 5,499
Zoning MULTI

Multifamily | 6 Units

Marketing description

Great opportunity to acquire a clean, stable, fully leased classic 6 Flat. Rents are on the lower side, with a relative in 1 of the remodeled apartments, each has 2BRs + sunroom. Feats include: restored hardwood features and numerous updates including copper plumbing, windows, dishwashers & disposers, circuit breaker electric as well as the common areas. There is a vacant, non-conforming 7th unit 1BR garden-level unit which could add another 10-12K of income annually. Building has been fully tuckpointed, has newer rear porch stairways, an enclosed yard & patio, and 2 rentable garage spaces. Each unit has a lockable storage closet, coin laundry onsite, and a tiled rec area in the bright basement.
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Listing Contacts

DG
IL 475138602
Re/Max Properties Northwest
Listed by Re/Max Properties Northwest

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$67,800.00
$5,650.00/mo

Valuation Metrics

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DSCR
4.54%
Cap Rate
4.54%
ROI

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