$2,580,000
$2,648,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/16/2023
Key Details
Sold Price $2,580,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11811805
Sold Date 10/16/23
Maintenance Fees $3,500
Year Built 1917
Annual Tax Amount $18,500
Tax Year 2021
Lot Dimensions 50X125
Property Sub-Type Multi Family 5+
Property Description
No stone left unturned on this stunning classic center entrance. 6341-43 N. Wayne is a legal seven (7) unit apartment building in the desirable Edgewater neighborhood. This high-end renovation offers a new owner an incredible stabilized return and is priced to sell at over a 7.0% cap rate. Renovated in 2022-23, all apartments feature oversized layouts with designerstyled chef kitchens, bathrooms with high end finishes, master suites, private outdoor space, and modern floor plans. Unique designer touches also include streak free graphite applianceswith beautiful Quartz counter tops and classy hardwood floors. In addition to its cosmetic updates, ownership has added new electric service, plumbing, central HVAC systems, new watermain, flood control systems, and in-unit W/D in all units. There is also a new exterior porch with large balconies offering residents a private and ample outdoor space. Both the LoyolaUniversity student population and Edgewater residents are attracted to these apartments opening two renter pools. 6341-43 N. Wayne presents a buyer the rare opportunity to acquirestabilized asset in an excellent location providing a solid cash-on-cash return for many years to come.
Location
State IL
County Cook
Area Chi - Edgewater
Interior
Fireplace N
Building
Level or Stories 3
Structure Type Brick
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Bought with Junzhou Cui • Citywide Real Estate
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