5644 N California Avenue
Property Description
Excellent investment opportunity at 5644 N California Avenue! This well-maintained, newer-construction 6-unit multifamily building offers an attractive opportunity for investors looking to add a strong income-producing asset to their portfolio or buyers seeking a potential 1031 exchange property. The building features six spacious units with desirable layouts, quality finishes, in-unit laundry, individual HVAC, outdoor space, and on-site parking. Tenants are responsible for their own utilities, helping keep owner-paid operating expenses manageable. The property has been thoughtfully maintained, with the owner utilizing a dedicated GC for ongoing maintenance and improvements. Recent capital and turnover work have included some appliance and mechanical replacements, railings, as well as roof and tuckpointing work. With a desirable unit mix, and the potential to benefit from future rent growth, this is an appealing long-term investment. Ideal for a seasoned investor, portfolio buyer, or 1031 exchange purchaser looking for a quality Chicago multifamily asset. Conveniently located near shopping, dining, transportation, parks, and neighborhood amenities. Please inquire for rent roll, operating expenses, and additional investment information.
Broker Details
North Clybourn Group, Inc. (773) 252-0600
MLS ID: 875325 State License Number: 475159453
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,150,000 |
| No. of Units: | 6 |
| Year Built: | 2008 |
| Opportunity Zone: | No |
| Price per unit: | $358,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 18 |
| Number of Bathrooms: | 12 |
ID: 3yd-MREDIL-12770199
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