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Multifamily

1605 W Fargo Ave

1605 W Fargo Ave, Chicago, IL 60626

Listing Price: $2,600,000

Cap Rate
6.17%
Number of Units
24
Occupancy
95.0%
Price/Unit
$108,333
Price/Gross SF
$185.05
Gross SF
14,050

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity in the Rogers Park neighborhood of Chicago. The subject property of 1605 West Fargo Avenue is located 10.7 miles north of the Chicago Loop, 0.4 miles west of Lake Michigan, 0.3 miles south of the Chicago Transportation Authority (CTA) Howard Transportation Center, and 0.1 miles north of the CTA's Jarvis Red Line train station. The unit mix for the subject property consists of sixteen studio one-bathroom units that measure 500 square feet, and six one-bedroom / one-bathroom units that measure 725 square feet, respectively. Rogers Park is one of the most economically and culturally diverse communities, not only in Chicago, but in the entire United States-proven by the 80-plus languages spoken in the neighborhood. Located at the far northeast corner of the city, approximately ten miles north of Chicago's central business district known as "The Loop," Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA "L" stops at Loyola, Morse, Jarvis, and Howard; one Metra stop at Lunt Avenue; five bus lines; and the Howard Bus and "L" terminal which is the staging point for north suburban travel. In addition, Rogers Park is one of the few Chicago neighborhoods that has direct public access to Lake Michigan. Unlike other Chicago lakefront neighborhoods, Rogers Park has 13 public street-end beaches and many buildings along Lake Michigan have their own private beaches. Rogers Park is also home to ten public parks.

Investment Highlights

  • Prime Rogers Park Location
  • Walking Distance to CTA Transportation
  • Strong Add-Value Opportunity
  • Attractive Unit Mix
  • Walking Distance to Lake Michigan

Exclusively Listed By

Multifamily

1605 W Fargo Ave

Listing Price: $2,600,000

Cap Rate
6.17%
Number of Units
24
Occupancy
95.0%
Price/Unit
$108,333
Price/Gross SF
$185.05
Gross SF
14,050

Investment Highlights

  • Prime Rogers Park Location
  • Walking Distance to CTA Transportation
  • Strong Add-Value Opportunity
  • Attractive Unit Mix
  • Walking Distance to Lake Michigan

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity in the Rogers Park neighborhood of Chicago. The subject property of 1605 West Fargo Avenue is located 10.7 miles north of the Chicago Loop, 0.4 miles west of Lake Michigan, 0.3 miles south of the Chicago Transportation Authority (CTA) Howard Transportation Center, and 0.1 miles north of the CTA's Jarvis Red Line train station. The unit mix for the subject property consists of sixteen studio one-bathroom units that measure 500 square feet, and six one-bedroom / one-bathroom units that measure 725 square feet, respectively. Rogers Park is one of the most economically and culturally diverse communities, not only in Chicago, but in the entire United States-proven by the 80-plus languages spoken in the neighborhood. Located at the far northeast corner of the city, approximately ten miles north of Chicago's central business district known as "The Loop," Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA "L" stops at Loyola, Morse, Jarvis, and Howard; one Metra stop at Lunt Avenue; five bus lines; and the Howard Bus and "L" terminal which is the staging point for north suburban travel. In addition, Rogers Park is one of the few Chicago neighborhoods that has direct public access to Lake Michigan. Unlike other Chicago lakefront neighborhoods, Rogers Park has 13 public street-end beaches and many buildings along Lake Michigan have their own private beaches. Rogers Park is also home to ten public parks.

Exclusively Listed By

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