Property Overview

3233 N. Narragansett Ave. is a mixed use building consisting of 8 apartment units and one retail unit. Located in Chicago's Portage Park/Dunning neighborhood, the asset features a unit mix of two (2) studio apartments, three (3) 1 BD/1 BA units, three (3) 2 BD/1 BA units, and 1 store front retail unit. The building offer's qualified investors with the opportunity to acquire a stabilized asset with the ability to raise rents through unit upgrades.

Highlights

  • Cosmetic upgrades in some of the units including newer kitchens and counter tops.
  • Well maintained and managed.
  • Long standing retail tenant.
  • Garage included for the flower shop retail business.

Key Details

Asking Price
$1,100,000
Number Of Units
9
Lot Size
4,356 SF
Cap Rate
5.75
Year Built
1929