1330 W ARGYLE Street, Chicago, IL 60640

Units: 6
Price / Unit: $416,667
Est. Cap Rate: 5.23%
Est. GRM: 13.18

Property Overview

Incredible opportunity to acquire a fully rehabbed, turnkey 6-unit multi-family income property in a highly desirable Uptown/Andersonville-adjacent pocket. This pristine center-entrance asset features a high-demand rental mix of four spacious 2-bedroom/2-bathroom units and two 3-bedroom/3-bathroom units, all boasting high-end modern finishes, updated kitchens and baths, and thoughtful layouts. Ideal for an investor seeking immediate stabilization and strong cash flow with a projected market rent of $18,000/month. The property includes a dedicated rear asphalt lot providing 6 outdoor parking spaces-a premium commodity for tenants in this neighborhood. Unbeatable urban location just steps from the Argyle Red Line station, lakefront recreation, and the vibrant dining and retail corridors of Clark Street. Exceptional turnkey addition to any portfolio.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income: $189,612
Reported Annual Expenses: $58,819
Estimated NOI: $130,793
Estimated Cap Rate: 5.23%
Estimated GRM: 13.18
Annual Taxes: $26,098 (2024)

Property Details

Units: 6
Building Size: 5,800 SF
Lot Size: 5,454 SF
Lot Acreage: 0.13
Lot Dimensions: 43.6 x 125
Stories: 3
Year Built: 1918
Building Age: Older
Construction: Brick, Brick/Stone Msn Pred
Roof: Flat, Membrane
Zoning: MULTI
Parcel Number: 14083110750000

Operations & Utilities

Heating: Forced Air, Gas, Separate Per Unit, Individual Furnaces
Cooling: Central Individual
Tenant Pays: Air Conditioning, Electricity, Heat
Electric: Circuit Breakers, Separate Meters
Water Source: Municipal Water
Possession: Tenant's Rights
Documents Available: Rent Roll, Leases, Operating Statement, Tenant Lease(s)

Location & Use

County: Cook
Market Area: Chicago - Uptown
Township: Lake View
Present Use: Multi-Family
Potential Use: Multi-Family
Location: Public Transport Avail, Free Standing/Urban, In City Limits
Frontage: City Street

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.