Active · For Sale · Multi Family 5+

2475 N Clybourn Avenue, Chicago, IL 60614

MLS opportunity selected in connection with 1951 N Dayton St, Chicago, IL 60614

MLS #12709034

2475 N Clybourn Avenue, Chicago, IL 60614
2475 N Clybourn Avenue, Chicago, IL 60614CRER
2475 N Clybourn Avenue, Chicago, IL 60614

Start a conversation

Inquire about this property

2475 N Clybourn Avenue, Chicago, IL 60614

Property inquiry details

By submitting, you agree to the CRER privacy policy.

The property

Executive summary

Lincoln Park 7 Unit Multi-Family Residential Property with Office Unit in rapidly appreciating Clybourn Corridor location!!! Situated on an Oversized City Lot with all Brick Construction, a Rear Yard and 2 Car Garage!! This Property has there Ideal Owner Occupied or Investor Mix of Unit Configurations including 2-Three Bedrooms, 3-Two Bedrooms and 1-One Bedroom Single Bath Apartments with an additional Leased Office Unit. The Property has been improved with a recent roof replacement and updated kitchens and baths over time. All Units have Separate Forced Air Heat/Hot Water Tanks and Central Air in some units!! Rear Units have private outdoor decks. The Leases are performing with a current Strong Rent Roll with high upside to increase in the near term!!! Coin Washer/Dryer in Common Area for Tenants!! This Property has been Professionally Managed and is in close proximity to expressways, shopping and many upper bracket New Construction Developments!! Floor Plans, Rent Roll and Survey under Additional Information.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$143,940
Reported Annual Expenses
$18,571
Estimated NOI
$125,369
Estimated Cap Rate
7.99%
Estimated GRM
10.90
Annual Taxes
$21,698 (2024)

Property Details

Units
7
Lot Size
3,750 SF
Lot Dimensions
25x150
Stories
3
Year Built
1896
Building Age
Older
Construction
Brick
Roof
Pitched, Composition
Zoning
MANUF
Parcel Number
14304090400000

Operations & Utilities

Heating
Forced Air
Cooling
Central Air
Tenant Pays
Electricity, Heat, Hot Water
Electric
Circuit Breakers
Water Source
Municipal Water
Utilities
Sewer Connected, Water Available

Location & Use

County
Cook
Market Area
Chicago - Lincoln Park
Township
Lake View
Present Use
Multi-Family
Location
Mixed Use Area
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.