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Mixed-Use

3640 W North Ave

3640 W North Ave, Chicago, IL 60647

Listing Price: $900,000

Cap Rate
5.76%
Number of Units
2
Occupancy
3.0%
Price/Unit
$450,000

Investment Overview

Marcus & Millichap is pleased to present 3640 W North Ave. Located in the southern border of Logan Square in a rapid growing neighborhood. The property features a three floor layout. Including a retail suite on the first floor and two apartment units on floors two and three. The two apartment units are large three bedroom apartments with porch space in the rear. Both units have individual hot water heaters. The retail space on the first floor features a tenant that has been renting and has expanded its location due to high demand. The building has a long term ownership which has maintained the property in great condition and has done multiple capital improvements including roof, tuckpointing, flooring, lentils, windows, and plumbing. The property is situated near the 606 trail, one of Chicago's trendiest staples, and proximate to Humboldt Alexander Von Park. The Logan Square Neighborhood is located 26 minutes NW of The Loop. Logan square is a thriving community consisting of artists, musicians and trending spirit. It's creative, growing and urban vibe make it a go to for locals looking for the next cool thing.

Investment Highlights

  • Located on North Ave with high traffic volume
  • Large 3 Bedroom Apartments
  • Near the 606 trail
  • Multiple capital improvements and well maintained
  • Individual unit furnaces
  • Garage parking

Exclusively Listed By

Mixed-Use

3640 W North Ave

Listing Price: $900,000

Cap Rate
5.76%
Number of Units
2
Occupancy
3.0%
Price/Unit
$450,000

Investment Highlights

  • Located on North Ave with high traffic volume
  • Large 3 Bedroom Apartments
  • Near the 606 trail
  • Multiple capital improvements and well maintained
  • Individual unit furnaces
  • Garage parking

Investment Overview

Marcus & Millichap is pleased to present 3640 W North Ave. Located in the southern border of Logan Square in a rapid growing neighborhood. The property features a three floor layout. Including a retail suite on the first floor and two apartment units on floors two and three. The two apartment units are large three bedroom apartments with porch space in the rear. Both units have individual hot water heaters. The retail space on the first floor features a tenant that has been renting and has expanded its location due to high demand. The building has a long term ownership which has maintained the property in great condition and has done multiple capital improvements including roof, tuckpointing, flooring, lentils, windows, and plumbing. The property is situated near the 606 trail, one of Chicago's trendiest staples, and proximate to Humboldt Alexander Von Park. The Logan Square Neighborhood is located 26 minutes NW of The Loop. Logan square is a thriving community consisting of artists, musicians and trending spirit. It's creative, growing and urban vibe make it a go to for locals looking for the next cool thing.

Exclusively Listed By

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