Interra Realty has been exclusively engaged to market 6403 N. Wayne Avenue for sale. The subject property for sale is a 16 unit corner walk-up, mixed-use building on the border of the Edgewater and Rogers Park neighborhoods of Chicago, IL. The unit mix consists of (13) 2Bdr/1Ba, one (1) 3Bdr/1.5Ba-Duplex, and two (2) commercial spaces. The offering presents a significant value-add opportunity via unit modernization and increasing the overall rental income.

The building features a new tear off roof as of five (5) years ago, repaired porches in 2012, tuckpointing work done five (5) years ago, one hot water tank (100 gallons) replaced three (3) years ago, mostly copper plumbing, a 12-year-old boiler with R&D controls and an intercom system. Additionally, there are (2) washers & (2) dryers (owned).

The units include Formica countertops, hardwood floors, ceiling fans, standard appliances, and radiator heat. A new owner may consider further unit modernization to further capitalize on the growing rents in the area.

The property is within walking distance of Loyola University, the Devon & Lakewood CTA Bus Station, the Loyola CTA ‘L’ Station, and several restaurants. 

Learn more about this transaction here