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Multifamily

2021 W Haddon Ave

2021 W Haddon Ave, Chicago, IL 60622

Listing Price: $1,100,000

Cap Rate
4.58%
Number of Units
3
Price/Unit
$366,667
Price/Gross SF
$295.22
Gross SF
3,726

Investment Overview

Marcus & Millichap is pleased to present 2021 West Haddon Avenue, located in the Ukrainian Village neighborhood of Chicago, Illinois. The property consists of 3726 square feet of apartment units with one two-bedroom/one-bathroom apartment, one two-bedroom/one-bathroom with a den, one three-bedroom/one-bathroom, and a three car garage with hay loft that has potential for a fourth unit. The subject is walking distance to Chicago Transit Authority's (CTA) Division Blue Line stop and Milwaukee Avenue's entertainment district. The property is near the I-90/94 Kennedy Expressway. The average household income $144,794 per year within a three-mile radius and the majority of the population is 34 years and under. This is a vibrant area of Chicago with numerous options for dining, shopping, entertainment and nightlife.

Investment Highlights

  • Potential for fourth unit by converting hay loft above garage to fourth unit coach house using new ADU regulation
  • Near Wicker (Charles, Joel) Park, that holds farmers market, outdoor movies and other activities
  • Update kitchens and bathrooms to raise rents

Exclusively Listed By

Multifamily

2021 W Haddon Ave

Listing Price: $1,100,000

Cap Rate
4.58%
Number of Units
3
Price/Unit
$366,667
Price/Gross SF
$295.22
Gross SF
3,726

Investment Highlights

  • Potential for fourth unit by converting hay loft above garage to fourth unit coach house using new ADU regulation
  • Near Wicker (Charles, Joel) Park, that holds farmers market, outdoor movies and other activities
  • Update kitchens and bathrooms to raise rents

Investment Overview

Marcus & Millichap is pleased to present 2021 West Haddon Avenue, located in the Ukrainian Village neighborhood of Chicago, Illinois. The property consists of 3726 square feet of apartment units with one two-bedroom/one-bathroom apartment, one two-bedroom/one-bathroom with a den, one three-bedroom/one-bathroom, and a three car garage with hay loft that has potential for a fourth unit. The subject is walking distance to Chicago Transit Authority's (CTA) Division Blue Line stop and Milwaukee Avenue's entertainment district. The property is near the I-90/94 Kennedy Expressway. The average household income $144,794 per year within a three-mile radius and the majority of the population is 34 years and under. This is a vibrant area of Chicago with numerous options for dining, shopping, entertainment and nightlife.

Exclusively Listed By

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