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1824 W 46th St, Chicago, IL, 60609

1824 W 46th St
$599,000

Key Information

Cap Rate
5.82%
$ per SF
$74
Tot. SF
8,085
$ per unit
$99,833
Units
6
Year Built
1896
Type
Apartments
Occupancy
50%
NOI
$34,883

Highlights

  • Rare Large-Unit Multifamily Opportunity – Six-unit apartment building totaling approximately 8,085 SF, featuring five oversized 3-bedroom units and one 1-bedroom unit with an average unit size of 1,348 SF.
  • Compelling Value-Add Potential – Current rents are below market, providing a clear opportunity to increase revenue through unit renovations and lease turnover.
  • Tenant-Paid Utilities – Tenants pay their own gas and electric, while individual HVAC systems and hot water heaters help reduce landlord operating expenses.
  • Desirable In-Unit Amenities – Units feature in-unit laundry and spacious floor plans that appeal to families and long-term renters

Photos

Location

Agents

Broker of Record

Matthew Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203