6431 N California Avenue
Property Description
6431-33 N. California Ave is an updated 6-unit mixed-use building in Chicago's West Ridge neighborhood. The property offers investors a well maintained, rarely available asset in one of West Ridge's most desirable pockets. The unit mix includes four 2 Bed/1.5 bath apartments with large, separate living and dining rooms, oversized bedrooms, and extra half-baths that give them an edge over competing rentals. All four units have been remodeled to some degree in the last 10 yrs - featuring stainless steel appliances, dishwashers, central heat & air, and in-unit laundry. Opportunity exists to bring longer term tenants up to market and boost NOI. The property also includes two fully occupied street-level commercial spaces benefiting from heavy foot traffic along Devon and California Ave, plus two large unfinished basements and five garage parking spaces. Located near Devon Avenue's commercial corridor, the property offers easy access to shops, restaurants, and multiple CTA bus lines.
Broker Details
eXp Realty, LLC (888) 574-9405
MLS ID: 895103 State License Number: 475188240
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,250,000 |
| No. of Units: | 6 |
| Year Built: | 1929 |
| Opportunity Zone: | No |
| Price per unit: | $208,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 6 |
ID: 3yd-MREDIL-12755305
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1231 E 22nd Ave
Kansas City, Missouri
2835 W Division St
Chicago, Illinois
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout