Listed by Triton Realty Group LLC, Fulton Grace Realty
$1,169,000
1509 N Avers Avenue
Details
APN 16021030210000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 6
Cap Rate 6.58%
NOI $76,905
Year Built 1920
Stories 3
Acreage 0.130
Multifamily | 6.58% CAP | 6 Units
Marketing description
Triton Realty is proud to present a rehabbed 6-unit multifamily building at 1507 N Avers in Humboldt Park. This center-entrance property offers an excellent investment opportunity in one of Chicago's high-demand rental markets. The building features five legal units plus one non-conforming sixth unit and has been completely updated throughout with modern finishes. Each unit boasts updated kitchens with stainless steel appliances, white shaker cabinets, and elegant quartz countertops, along with beautiful hardwood flooring and fully rehabbed bathrooms featuring classic subway tile. The spacious layouts include four 3-bedroom 1-bath units, one 4-bedroom 1-bath unit, and one 1-bedroom 1-bath unit. Additional updates included new electrical throughout with in unit panel, copper plumb ing and newer boiler. Additional tenant appeal comes from the private back decks off the rear of the units, while rear-lot parking provides convenient extra income potential. Centrally located with easy access to Humboldt Park and public transportation, this turnkey multifamily property is ideal for investors seeking strong cash flow and long-term value in this up-and-coming Chicago neighborhood.
Listing Contacts
Listed by Triton Realty Group LLC, Fulton Grace Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,905.00
$6,408.75/mo
Valuation Metrics
0
DSCR
6.58%
Cap Rate
6.58%
ROI
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