Chicago, IL 60660,6341 N Wayne AVE
Chicago, IL 60660,6341 N Wayne AVE
Chicago, IL 60660,6341 N Wayne AVE
Chicago, IL 60660,6341 N Wayne AVE
Chicago, IL 60660,6341 N Wayne AVE
Chicago, IL 60660,6341 N Wayne AVE
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$2,580,000

$2,648,000

2.6%
Est.Price: ?

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Est. payment /mo

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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Midwest Real Estate Data (MRED) IDX
Listed by Matthew Fritzshall • Triton Realty Group LLC
Bought with Junzhou Cui • Citywide Real Estate
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1941 N Elston Ave, Chicago, IL, 60642, USA

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