Courtesy of Triton Realty Group LLC

6331 N Wayne Avenue

Chicago, IL, 60660

$2,900,000

$2,900,000
Active Under Contract
Active Under Contract
 - For Sale
property_type
Commercial
calendar
Built 1927
No stone left unturned on this stunning renovation of a classic center entrance eight (8) unit apartment building. 6331-33 N. Wayne is a turnkey investment property located in the desirable Edgewater neighborhood and is essentially on-campus to Loyola University. This high-end renovation offers an incredible investment return and is priced to sell at over a 7% cap on actual rents. The building was gut renovated and completed in 2022. The building is now fully occupied with solid tenants paying over $21,000 per month in rent. These jumbo apartments cater to both the local Edgewater population and to the Loyola University student population. 6331-33 N. Wayne is comprised of seven (7) 3 bedroom 2 bathroom units, one (1) 3 bedroom 1 bathroom unit and four (4) garage spaces. All apartments feature oversized layouts with designer styled chef kitchens, bathrooms with high end finishes, master suites, abundant, private outdoor space, and modern floor plans. Unique designer touches also include built in breakfast nooks, streak free graphite appliances with beautiful Quartz counter tops and classy hardwood floors. All new electric service, plumbing, central HVAC systems, water main, flood control systems, and in-unit W/D in all units. There is a new exterior porch with large balconies offering residents a private and ample outdoor space. A new owner has the rare opportunity to acquire a stabilized multifamily asset with a nice cash-on-cash return upon acquisition.
MLS® ID:
11487324
Listed:
8/7/22
Updated:
10/2/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Air

Other Property Details

Area Name
CHI - Edgewater
Taxes
$19507
Tax Frequency
per YEAR
Garage
No
Parking
N
Parking Total
5.0
View
N
County
Cook
Pool
No
Total Stories
3
Zoning
MULTI

Property History

Date
Event
Price
Value
8/19/22
Active Under Contract
-
-

 

Courtesy of Triton Realty Group LLC

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Data last updated 12:01 AM UTC, 10/2/22

 

 

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