Seven-Unit Walk-Up Apartment
2325 South California Avenue Chicago, IL 60608
2325 South California Avenue, Chicago, IL, 60608
$1,475,000
For Sale
$1,475,000
Brick walk-up with seven renovated units, in-unit washer/dryer, and five rear surface parking spaces.
Property Size6,084 SF
Price / SF$242.44
Days on Market114
Property Features for 2325 South California Avenue
General Information
- Standard status
- Active
- Size
- 6,084 SF
- Property subtype
- Multi Family 5+ / Multi Family 5+-Other
Building Details
- Year Built
- 1960
Listing agency
Dream Town Realty
(773) 209-4785
Listed by
Mitir Patel · License #475157343
(773) 209-4785
Source
Compass
Added: Mar 31 Updated: Jul 21 at 1:09AM Checked: Jul 22 at 8:23AM
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 Dream Town Realty
Investment Insights
Based on property information with market context.
This is a seven-unit brick, walk-up apartment building that has been fully gut rehabilitated. The unit mix includes three one-bedroom/one-bath apartments, one two-bedroom/one-bath, one two-bedroom/two-bath, one three-bedroom/two-bath, and one three-bedroom/three-bath. Each unit features in-unit stackable washer/dryer, and has its own Ruud furnace and Rheem tankless water heater. Interior upgrades include designer kitchens with white shaker-style cabinetry, quartz countertops, and stainless steel appliances, along with fully updated bathrooms and new flooring. The building also includes a new 400 AMP electrical service with individual metering for each unit and common areas, and modernized mechanical systems.
The property includes five surface parking spaces located in the rear, providing additional income potential. It is positioned in Chicago’s Little Village neighborhood near Marshall Square.
From a practical operations standpoint, the combination of in-unit laundry and individually metered utilities supports tenant convenience and straightforward building management across all units.
The property includes five surface parking spaces located in the rear, providing additional income potential. It is positioned in Chicago’s Little Village neighborhood near Marshall Square.
From a practical operations standpoint, the combination of in-unit laundry and individually metered utilities supports tenant convenience and straightforward building management across all units.
Key Highlights
- 7‑unit brick walk‑up building built in 1960 in Chicago’s Little Village neighborhood
- Unit mix: three 1BD/1BA, one 2BD/1BA, one 2BD/2BA, one 3BD/2BA, and one 3BD/3BA
- Complete gut rehabilitation with condo‑quality finishes, including designer kitchens with quartz counters and stainless steel appliances
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.9k | $29.40 |
| − Vacancy | −$9.3k | −$1.53 |
| EGI | $169.6k | $27.87 |
| − OpEx | −$76.3k | −$12.54 |
| NOI | $93.3k | $15.33 |
6,084 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.17M – $1.55M
NOI $93,263 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,801 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Brick walk-up with seven renovated units, in-unit washer/dryer, and five rear surface parking spaces.
Where is this apartment building located?
The property is located at 2325 South California Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 7‑unit brick walk‑up building built in 1960 in Chicago’s Little Village neighborhood; Unit mix: three 1BD/1BA, one 2BD/1BA, one 2BD/2BA, one 3BD/2BA, and one 3BD/3BA; Complete gut rehabilitation with condo‑quality finishes, including designer kitchens with quartz counters and stainless steel appliances
