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2432-2434 W Fargo & 7434-7438 N Artesian AveChicago, IL 60645
2432-2434 W Fargo & 7434-7438 N Artesian Ave
Asset ClassMultifamily
Square Feet10,258
# Units: 12Deal Size: $1.95 MAccess Data Room
12- Unit Multi-Family Acquisition Opportunity
overview of deal

Overview

33 Realty is pleased to present the opportunity to acquire this walk-up building at 2432-2434 W Fargo & 7434-7438 N Artesian Ave in Chicago's vibrant Roger's Park neighborhood. This 10,258 SF multi-family building, built in 1925, stands near the intersection of W Fargo Ave and N Artesian Ave. The property features a total of 12 units across three stories, offering a mix of 12 two-bedroom, one-bathroom apartments. Each unit at 2432-2434 W Fargo & 7434-7438 N Artesian Ave boasts updated kitchens and bathrooms with granite counters, stainless steel appliances, and dishwashers. The convenience of coin laundry adds to the appeal for tenants. Additionally, the property includes vinyl windows and a 2-car garage. This is an excellent opportunity in Rogers Park, situated in a mobility zone that enhances the potential for attracting higher rents. An investor could bring the rents to market without need for renovations. The property also offers assumable debt providing added financial flexibility to potential buyers.

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Investment Highlights

  • Stainless steel appliances and dishwashers in each unit
  • Updated bathrooms
  • Coin laundry facilities on-site
  • Vinyl windows
  • 2 garage parking spots available onsite
  • Assumable Debt: $1,134,000; Rate: 5.65%; Maturity: 09/01/2028
  • 42% down required to inherit assumable debt
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2432-2434 W Fargo & 7434-7438 N Artesian AveChicago, IL 60645
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Listing provided by Revere CRE
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