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Multifamily

3507 North Elston Avenue

3507 N Elston Ave, Chicago, IL 60618

Listing Price: $4,395,000

Cap Rate
5.83%
Number of Units
12
Price/Unit
$366,250
Price/Gross SF
$218.01
Gross SF
20,160

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the Avondale neighborhood of Chicago, Illinois. The subject property comprises 12 apartments; three two-bedroom/two-bath and nine three-bedroom/two-baths. The units feature granite countertops, modern bathrooms with jacuzzi tubs or walk-in showers, hardwood floors throughout, fireplaces, private balconies, and in-unit laundry. There is also parking on-site. The subject property is a three-minute walk to Chicago Transit Authority’s (CTA) 152 bus stop, and CTA’s Addison Brown Line train stop. The property is also within a block of the Kennedy Expressway/I-90 creating an easy commute downtown for tenants. The neighborhood of Avondale draws Chicagoans in through diverse activities that bring life to the area. There are longtime residents along with an influx of artists, young professionals, and new families who favor the area due to easy access to transportation and downtown. There are numerous places to eat, including Kuma’s Corner, known for its specialty drinks and burgers, and Chief O’Neills, featuring a spacious beer garden in the summer. The area has a lively nightlife scene due to many clubs in the area including Podlasie Club and The Orbit Room. Avondale connects conveniently to downtown and major commercial strips, including Milwaukee Avenue.

Investment Highlights

  • Excellent Avondale Neighborhood Location
  • High-End Apartment Building
  • Modern Finishes Include Stainless Steel Appliances and Granite Countertops
  • On-Site Parking
  • Close Proximity to National Retailers and the Expressway

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Financing By

Multifamily

3507 North Elston Avenue

Listing Price: $4,395,000

Cap Rate
5.83%
Number of Units
12
Price/Unit
$366,250
Price/Gross SF
$218.01
Gross SF
20,160

Investment Highlights

  • Excellent Avondale Neighborhood Location
  • High-End Apartment Building
  • Modern Finishes Include Stainless Steel Appliances and Granite Countertops
  • On-Site Parking
  • Close Proximity to National Retailers and the Expressway

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the Avondale neighborhood of Chicago, Illinois. The subject property comprises 12 apartments; three two-bedroom/two-bath and nine three-bedroom/two-baths. The units feature granite countertops, modern bathrooms with jacuzzi tubs or walk-in showers, hardwood floors throughout, fireplaces, private balconies, and in-unit laundry. There is also parking on-site. The subject property is a three-minute walk to Chicago Transit Authority’s (CTA) 152 bus stop, and CTA’s Addison Brown Line train stop. The property is also within a block of the Kennedy Expressway/I-90 creating an easy commute downtown for tenants. The neighborhood of Avondale draws Chicagoans in through diverse activities that bring life to the area. There are longtime residents along with an influx of artists, young professionals, and new families who favor the area due to easy access to transportation and downtown. There are numerous places to eat, including Kuma’s Corner, known for its specialty drinks and burgers, and Chief O’Neills, featuring a spacious beer garden in the summer. The area has a lively nightlife scene due to many clubs in the area including Podlasie Club and The Orbit Room. Avondale connects conveniently to downtown and major commercial strips, including Milwaukee Avenue.

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Financing By

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