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6123 N Ravenswood Avenue

Chicago, Illinois 60660


John D'Ambrogio
312.334.8389

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$470,000


Property Type
Multiple Family
Neighborhood
Edgewater


EASY TO MANAGE "EDGEWATER" 5 UNIT BRICK BUILDING WITH 2 CAR DET GARAGE. CURRENT OWNER JUST MADE SOME NICE CAPITAL IMPROVEMENTS INCLUDING: ALL NEW WINDOWS "THERMOPANE" INCLUDING ALL NEW INTERIOR WINDOW TRIM & CASING THRUOUT ENTIRE BUILDING. NEWER DECKING & STAIRS, COMPLETELY REMODELED ONE OF THE "1 BEDROOM" UNITS. NICELY DONE (SEE PHOTOS). BUILDING CONSISTS OF ONE 2 BEDROOM 1 BATH UNIT AND FOUR 1 BEDROOM, 1 BATH UNITS. 1ST FLOOR COIN OP LAUNDRY ROOM WITH STORAGE CLOSETS. PICTURES ARE OF THE 1 REMODELED UNIT. SIGNIFICANT CASH FLOW ON THIS BUILDING WITH TREMENDOUS UPSIDE POTENTIAL. NOTE THE LOW RENTS: THE 2 BEDROOM COULD RENT FOR $1100/M AND THE 1 BEDROOM FOR $950/MONTH. THE PRO-FORMA CAP RATE IS 8.58% BASED ON $485,000 SELLING PRICE! SEE FINANCIAL SHEET UNDER ADDITIONAL INFORMATION.



Full Features
Basement: Slab
First Floor Master Bedroom: No
Fireplace: No
Pool: No
Square Feet: N/A
Tax Amount: $7,667
Built: 1968
Parking Spaces: 2
Cooling System: Window Unit/s
Stories: 3
Current Use: Residential-Multi-Family
Zoning: MULTI
Current Net Income: $33,254
Unit 1: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 2: 4 room(s) / 1 bed(s) / 1 bath(s)


Taxes & Assessments
Taxes: $7,667

Listing Office: Century 21 Elm, Realtors

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Edgewater photo


Edgewater

Lakeside living never goes out of style in Edgewater. Once a playground for Chicago’s early 20th century elite, the neighborhood continues to draw residents with its spectacular lake views, large beaches, thriving theater scene and restaurants with cuisines from around…

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Nearby Public Transportation

CTA Rail

at Granville (0.78 miles away)

Metra
Union Pacific North

at Rogers Park Metra (1.16 miles away)







6123 N Ravenswood Avenue Chicago, Illinois 60660 is a multiple family property, which sold for $470,000. Want to learn more about 6123 N Ravenswood Avenue Chicago, Illinois 60660? Contact an @properties agent to request more info.


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