Property Overview

2043-2045 W Arthur Ave is an 8-unit, multifamily building in the West Ridge neighborhood of Chicago, IL. The unit mix is comprised of (6) 3Bdr/2Ba, (1) 3Bdr/2Ba-G, and (1) 2Bdr/ 2Ba-G units. The building presents a qualified investor the opportunity to increase rents to current market value.

The building was completely rehabbed in 2012 and features (2) 3-car garages and (2) exterior parking spaces.

The units feature hardwood floors, granite countertops, stainless steel appliances, replaced cabinets, individual furnaces with A/C, rear porches and 100 electrical amps to each unit.

The property is walking distance to the Devon & Hoyne CTA Bus Station, the Robert A. Black Golf Course and Loyola University Hoyne Fields.

Highlights

  • 8 Unit Multifamily Building in West Ridge
  • Unit Mix: (7) 3Bdr/2Ba & (1) 2Bdr/2Ba
  • Rehabbed in 2012: Condo Quality Units
  • Opportunity to Increase Rents

Key Details

Asking Price
$1,825,000
Number of Units
8
Lot Size
8,250 SF
Building Size
12,450 SF
Year Built
1924
Pro-Forma Cap Rate
7.73%