Renovated Four-Unit Multifamily
1626 North Washtenaw Avenue, Chicago, IL 60647
For Sale
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Three apartments have two bedrooms, while the duplex offers three bedrooms and two bathrooms.
Property SizeContact for details
Lot Size0.07 Acres
Days on Market14
Property Features for 1626 North Washtenaw Avenue
General Information
Standard status
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
in-unit laundry
Listing Agency:
Baird & Warner
Listed By:
Mitir Patel · License #il 475157343
(773) 209-4785
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner
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Investment Insights
Based on property information with market context.
This renovated multifamily property contains four units and more than 4,000 rentable square feet on a 3,024-square-foot lot. The layout includes three two-bedroom, one-bathroom apartments and a two-level unit with three bedrooms and two bathrooms. Each residence features an open kitchen with shaker cabinetry and stainless steel appliances, hardwood-style flooring, updated bathrooms, and in-unit laundry.
The property is fully leased, with a 6.05% cap rate on current income. Transit options include the CTA #72 North Avenue bus stop half a block away, with the #94 California and #49 Western buses operating nearby. The Western station on the Blue Line is approximately a 15-minute walk. The 606 trail is two blocks north, and Humboldt Park is two blocks southwest.
The property is fully leased, with a 6.05% cap rate on current income. Transit options include the CTA #72 North Avenue bus stop half a block away, with the #94 California and #49 Western buses operating nearby. The Western station on the Blue Line is approximately a 15-minute walk. The 606 trail is two blocks north, and Humboldt Park is two blocks southwest.
Key Highlights
- Four‑unit building with more than 4,000 rentable SF on a 3,024 SF lot
- Unit mix: three 2‑bed/1‑bath apartments and one 3‑bed/2‑bath duplex
- All units have in‑unit laundry, stainless steel appliances, and shaker cabinetry
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,706
Businesses Nearby
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Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
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Market
Properties on Market for Quadplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments have two bedrooms, while the duplex offers three bedrooms and two bathrooms.
Where is this quadplex located?
The property is located at 1626 North Washtenaw Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,379,000.
What are key features of this property?
This property features: Four‑unit building with more than 4,000 rentable SF on a 3,024 SF lot; Unit mix: three 2‑bed/1‑bath apartments and one 3‑bed/2‑bath duplex; All units have in‑unit laundry, stainless steel appliances, and shaker cabinetry
