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6-Unit Apartment Building

3214-24 North Linder Avenue, Chicago, IL 60641

For Sale
Contact for pricing

Updated kitchens and baths complement a mix of one- and two-bedroom residences.

Property SizeContact for details
Days on Market15

Property Features for 3214-24 North Linder Avenue

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Financials

Cap Rate 7.15%
Average Monthly Rent $1,516

Site & Location

Neighborhood Cragin

Units

Unit Mix 4 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 6

Additional Details

Tenant in Place Yes

Amenities

in-unit laundry

Building Details

Buildings 1
Listing Agency: Baird & Warner
Listed By: Mitir Patel · License IL #475157343
Source: Crexi
Added: Oct 27 Changed: Nov 8 Last Checked: Nov 10 at 8:36AM

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

Rey
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Investment Insights

Based on property information with market context.

This six-unit apartment property in Chicago’s Belmont Cragin neighborhood has renovated interiors, including updated kitchens and bathrooms. The unit mix comprises four one-bedroom, one-bathroom apartments and two two-bedroom, one-bathroom apartments. In-unit laundry is available in select units.

The building is fully occupied. Its current-income cap rate is 7.15%.

Key Highlights

  • Six apartments: four 1 Bed / 1 Bath units and two 2 Bed / 1 Bath units
  • Renovated interiors with updated kitchens and bathrooms
  • Fully occupied building

Property Analytics

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,807
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Updated kitchens and baths complement a mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 3214-24 North Linder Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Six apartments: four 1 Bed / 1 Bath units and two 2 Bed / 1 Bath units; Renovated interiors with updated kitchens and bathrooms; Fully occupied building
(773) 209-4785 Call to check price and availability
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