1852 W Wabansia Ave
Property Description
The property consists of six units, with no two units being the same unit type, creating a uniquely diversified rental profile. Unlike properties concentrated in a single or limited number of unit types, the offering provides exposure across a broad range of renter profiles and housing preferences, reducing reliance on any one segment of the rental market. This level of diversification is rarely found in a six-unit property. The units have been well maintained and offer a compelling opportunity to increase cash flow through a straightforward mark-to-market strategy. Current rents are estimated to be approximately 11% below market in their as-is condition, with average monthly rent projected to increase from $2,510 to $2,792, representing approximately $20,256 of additional annual income. The opportunity to acquire a well-maintained asset with a diversified unit mix, significant rental upside, and a prime Bucktown location presents an attractive combination of current cash flow, near-term income growth, and long-term appreciation potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,945,000 |
| No. of Units: | 12 |
| Year Built: | 1887 |
| Lot Size: | 0.04 Acres |
| Opportunity Zone: | No |
| Price per unit: | $162,083 |
| Property Website | Click Here |
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