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Rogers Park Multifamily Investment Opportunity
For Sale
$1,000,000

1950 W fargo Avenue, Chicago, IL 60626

Six condos sold together, new roof, rehab potential.

Days on Market461

Property Features for 1950 W fargo Avenue

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $3,700

Building Details

Year Built 1969
Listing Agency: MILLS REALTY INC
Listed By: LEROY VIAMILLE · License #471006566
Source: Corcoran
Added: Apr 30, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 MILLS REALTY INC

Investment Insights

Based on property information with market context.

This is an opportunity in Rogers Park to acquire six condos sold together as one property. Each unit features individual heating, air conditioning, and a water tank. The property includes six parking spaces and a brand new roof installed in 2023. All units are approximately 1200 square feet and in good condition. Five units are currently occupied by the owner and family members. One unit requires a complete rehabilitation. The property is sold "as is", and the porch needs to be repaired or replaced.

Key Highlights

  • Six condos being sold together as one investment opportunity.
  • Each unit has individual heating, air conditioning, and water tank.
  • Includes 6 parking spaces.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Skin Care Clinic Cafe & Coffee Shop HVAC Service Big Box & Wholesale Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,223
Businesses Nearby

Demographics for 60626, IL

50,548
Population
26,812
Households
1.9
Avg Household Size
36
Median Age
53%
College-Educated
91%
High-School Grad
1.7 sq mi
ZIP Area
29,734
Density / Sq Mi
$57,452
Median Household Income
$39,527
Median Earnings
$1,265
Median Rent
$269,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six condos sold together, new roof, rehab potential.
Where is this apartment building located?
The property is located at 1950 W fargo Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Six condos being sold together as one investment opportunity.; Each unit has individual heating, air conditioning, and water tank.; Includes **6 parking spaces**.
More about this property
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