1404 W Estes Avenue, Chicago, IL 60626

Active · For Sale · Multi Family 5+

$3,495,000

1404 W Estes Avenue, Chicago, IL 60626

Units
15
Price / Unit
$233,000
Est. Cap Rate
5.38%
Est. GRM
11.84

Property Overview

Exceptional opportunity to acquire a well-maintained 15-unit multifamily investment with 12 parking spaces in the heart of Chicago's thriving Rogers Park neighborhood, just minutes from Loyola University, the CTA Red Line, beaches, shopping, and neighborhood dining. This attractive asset consists of 12 one-bedroom units and 3 two-bedroom units, offering a highly desirable unit mix with consistent rental demand. Situated in one of Chicago's most stable and appreciating rental markets, this turnkey investment offers an ideal combination of immediate income, long-term appreciation potential, and an irreplaceable location near major employment, transportation, and educational hubs. There is full basement that presents an opportunity for additional units. Whether you're expanding an established portfolio or completing a 1031 exchange, 1404 W. Estes Avenue represents a rare opportunity to acquire a quality apartment building with both stability and upside.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$295,200
Reported Annual Expenses
$107,000
Estimated NOI
$188,200
Estimated Cap Rate
5.38%
Estimated GRM
11.84
Annual Taxes
$33,825 (2024)

Property Details

Units
15
Lot Dimensions
54x125
Stories
3
Year Built
1963
Building Age
Older
Zoning
MULTI
Parcel Number
11321011031001

Operations & Utilities

Heating
Central Heat/Indiv Controls

Location & Use

County
Cook
Market Area
Chicago - Rogers Park

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.