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Multifamily

1329-1341 West Estes Avenue

1329 W Estes Ave, Chicago, IL 60626

Listing Price: $8,100,000

Cap Rate
4.91%
Number of Units
61
GRM
12.26
Occupancy
95.0%
Price/Unit
$132,787
Price/Gross SF
$215.64
Gross SF
37,563

Investment Overview

Marcus & Millichap is pleased to present this 61-unit apartment building, built in 1927, located at 1329-1341 West Estes Avenue in the Rogers Park neighborhood of Chicago, Illinois. Located approximately 12 miles north of the downtown Chicago Loop, the property has convenient access to Lake Shore Drive. Public transportation is readily available at the Rogers Park Metra station, which is within one mile of the property, and the CTA Morse Subway station, which is within 0.3 miles of the property. The property is also served by CTA and PACE for transportation by bus along Touhy Avenue. CTA bus stops are also conveniently located along North Sheridan Road, just footsteps from the subject property. For domestic and international travel purposes, O'Hare International Airport is approximately 13 miles southwest of the asset.
The unit mix is comprised of 34 studio units and 27 one-bedroom / one-bathroom units, measuring approximately 530 and 725 square feet, respectively. The property is a four-story courtyard building and features on-site laundry facilities.
The property is positioned on Estes Avenue, one block from North Sheridan Road, a major north-south thoroughfare extending along the lake-shore, and two blocks from West Touhy Avenue, a major east-west artery. Two major universities, Loyola University and Northwestern University are within five miles of the property, as is the Harry S. Truman City College of Chicago. Downtown Evanston is approximately two miles north of the asset. Rogers Park is both Chicago's northernmost point and one of its most diverse neighborhoods, offering a strong concentration of retail shops and restaurants that reflect more than a dozen distinct ethnic cultures and 13 easily accessible beaches and lakefront parks.

Investment Highlights

  • Good Unit Mix (34 Studio and 27 One-Bedroom Units)
  • Features On-Site Laundry Facility
  • Near CTA Morse Station
  • Walking Distance to PACE Bus Stops
  • Close to Retail and Dining Options on North Sheridan Road
  • Loyola University and Northwestern University Are Both Within Five Miles of Property

Exclusively Listed By

Multifamily

1329-1341 West Estes Avenue

Listing Price: $8,100,000

Cap Rate
4.91%
Number of Units
61
GRM
12.26
Occupancy
95.0%
Price/Unit
$132,787
Price/Gross SF
$215.64
Gross SF
37,563

Investment Highlights

  • Good Unit Mix (34 Studio and 27 One-Bedroom Units)
  • Features On-Site Laundry Facility
  • Near CTA Morse Station
  • Walking Distance to PACE Bus Stops
  • Close to Retail and Dining Options on North Sheridan Road
  • Loyola University and Northwestern University Are Both Within Five Miles of Property

Investment Overview

Marcus & Millichap is pleased to present this 61-unit apartment building, built in 1927, located at 1329-1341 West Estes Avenue in the Rogers Park neighborhood of Chicago, Illinois. Located approximately 12 miles north of the downtown Chicago Loop, the property has convenient access to Lake Shore Drive. Public transportation is readily available at the Rogers Park Metra station, which is within one mile of the property, and the CTA Morse Subway station, which is within 0.3 miles of the property. The property is also served by CTA and PACE for transportation by bus along Touhy Avenue. CTA bus stops are also conveniently located along North Sheridan Road, just footsteps from the subject property. For domestic and international travel purposes, O'Hare International Airport is approximately 13 miles southwest of the asset.
The unit mix is comprised of 34 studio units and 27 one-bedroom / one-bathroom units, measuring approximately 530 and 725 square feet, respectively. The property is a four-story courtyard building and features on-site laundry facilities.
The property is positioned on Estes Avenue, one block from North Sheridan Road, a major north-south thoroughfare extending along the lake-shore, and two blocks from West Touhy Avenue, a major east-west artery. Two major universities, Loyola University and Northwestern University are within five miles of the property, as is the Harry S. Truman City College of Chicago. Downtown Evanston is approximately two miles north of the asset. Rogers Park is both Chicago's northernmost point and one of its most diverse neighborhoods, offering a strong concentration of retail shops and restaurants that reflect more than a dozen distinct ethnic cultures and 13 easily accessible beaches and lakefront parks.

Exclusively Listed By

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