$2,648,000 $14,215 est/mo Sourced by Back At You

N 6341 Wayne Avenue,Chicago, IL 60660

Chicago IL, 60660

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Description

No stone left unturned on this stunning classic center entrance. 6341-43 N. Wayne is a legal seven (7) unit apartment building in the desirable Edgewater neighborhood. This high-end renovation offers a new owner an incredible stabilized return and is priced to sell at over a 7.0% cap rate. Renovated in 2022-23, all apartments feature oversized layouts with designerstyled chef kitchens, bathrooms with high end finishes, master suites, private outdoor space, and modern floor plans. Unique designer touches also include streak free graphite applianceswith beautiful Quartz counter tops and classy hardwood floors. In addition to its cosmetic updates, ownership has added new electric service, plumbing, central HVAC systems, new watermain, flood control systems, and in-unit W/D in all units. There is also a new exterior porch with large balconies offering residents a private and ample outdoor space. Both the LoyolaUniversity student population and Edgewater residents are attracted to these apartments opening two renter pools. 6341-43 N. Wayne presents a buyer the rare opportunity to acquirestabilized asset in an excellent location providing a solid cash-on-cash return for many years to come.

Details

MLS#11811805
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year1917
Days On Site397
Listing Provided ByTriton Realty Group LLC | Matthew Fritzshall
Buying Commision2%

Features

Story(s)3
Units7

Market Activity 60660

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60660
AreaCHI Edgewater
Listing VS Median (in 60660)
Price:
$2,648,000
low | high
Med:
$149,450
100% of Average
On Site:
397
low | high
Med:
28.500000
100% of Average
Sourced by Back At You
Listing Updated: September 26, 2023 at 11:09:11 AM PDT