Brick 6-Unit Multifamily
2342 W AUGUSTA BLVD Chicago, IL 60622
2342 W AUGUSTA BLVD, Chicago, IL, 60622
Contact for pricing
For Sale
Contact for pricing
Turn-key, gut-rehabbed brick six-unit building with in-unit laundry, central heat and air, and exterior parking.
Property Size5,493 SF
Price / SF$363.19
Days on Market14
Property Features for 2342 W AUGUSTA BLVD
General Information
- Standard status
- Active
- Size
- 5,493 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1916
Listing agency
Mo2 Properties
(773) 661-2772
Listed by
Giancarlo Iannotta · License #IL 475.195344
Source
Crexi
Added: Jul 9 Updated: Jul 20 at 6:55PM Checked: Jul 22 at 4:36PM
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 Mo2 Properties
Investment Insights
Based on property information with market context.
This solid brick six-unit multifamily building features a mix of large one- and two-bedroom layouts, including duplexed-down first-floor units. The property includes a notably spacious first-floor four-bedroom, three-bath unit. The building was completely gut rehabbed down to the studs in 2016 and is presented in turn-key condition.
Each apartment is equipped with in-unit washers and dryers, individual hot-water heaters, and central heat and air. Finishes include sleek kitchens with cherry wood cabinets, granite countertops, stainless steel appliances, hardwood flooring, and modern-tiled bathrooms.
The building also includes two exterior parking spots. It is located in the heart of Ukrainian Village with convenient proximity to Western Ave shopping, dining, and transportation.
Each apartment is equipped with in-unit washers and dryers, individual hot-water heaters, and central heat and air. Finishes include sleek kitchens with cherry wood cabinets, granite countertops, stainless steel appliances, hardwood flooring, and modern-tiled bathrooms.
The building also includes two exterior parking spots. It is located in the heart of Ukrainian Village with convenient proximity to Western Ave shopping, dining, and transportation.
Key Highlights
- Solid brick 6‑unit building built in 1916 in the heart of Ukrainian Village
- Completely gut rehabbed down to the studs in 2016 (turn‑key per provided info)
- Unit mix includes large 1- and 2‑bedroom units, with both 1st‑floor units duplexed down and a 4 bed/3 bath unit on 1F
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 | $161.5k | $29.40 |
| − Vacancy | −$8.4k | −$1.53 |
| EGI | $153.1k | $27.87 |
| − OpEx | −$68.9k | −$12.54 |
| NOI | $84.2k | $15.33 |
5,493 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,203 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,295 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Turn-key, gut-rehabbed brick six-unit building with in-unit laundry, central heat and air, and exterior parking.
Where is this apartment building located?
The property is located at 2342 W AUGUSTA BLVD Chicago, IL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Solid brick 6‑unit building built in 1916 in the heart of Ukrainian Village; Completely gut rehabbed down to the studs in 2016 (turn‑key per provided info); Unit mix includes large 1- and 2‑bedroom units, with both 1st‑floor units duplexed down and a 4 bed/3 bath unit on 1F
