Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity in the West Rogers Park neighborhood of Chicago. The subject property of 2650 W. Touhy is located approximately 12 miles north of Chicago's Downtown Loop area. It is nearby to many retailers and is very accessible to the public transit buses, 93, 96 and 290, located along W. Touhy Avenue and N. California Avenue. The unit mix for the subject property is (2) one-bedroom / one-bathroom units that measure 750 square feet and (4) two-bedroom / one-bathroom units that measure 900 square feet. The units are in good condition, however, the new owner could add value to the property by renovating the units and increasing rents. The new owner has the opportunity to collect additional income from the (5) outdoor parking spaces and the washer/dryer in the basement. Additionally, there are storage units available for each unit. The current owner has maintained the property throughout ownership through capital improvements such as replacing the chimney (2022), gutters (2022), tuckpointing (2021), canopy (2021) and hot water heater (2019).