Renovated Mixed-Use Income
3743 West Armitage Avenue, Chicago, IL 60647
Renovated multi-unit property with central heat and air, updated kitchens, and basement coin laundry.
Type:Mixed Use, Multifamily
Property size:
5,025 SFPrice / SF:
$213/SF- Added:
- Jun 15, 2026
- Days on Market:
- 25
- Last Refresh:
- Jun 20 at 7:04 am
Property Features for 3743 West Armitage Avenue
General Information
- Standard status
- Active
- Size
- 5,025 SF
- Property subtype
- Mixed Use, Multifamily
Building Details
- Year Built
- 1909
Listing office Building Equity
Listing date Jun 15, 2026
Source Crexi
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 Building Equity
HighLights
- Renovated mixed‑use 2‑building property: brick 3‑story front building plus frame 3‑story rear coach house (built 1909)
- Completely renovated in 2016
- Units feature central heat and air
- Updated kitchens and baths with quartz counters, 42‑inch kitchen cabinets, and stainless appliances including dishwasher
- Newer hardwood floors in units
- Shared common patio area plus coin laundry in the basement
Overview
This mixed-use income property features a brick three-story front building and a frame three-story coach house in the rear. The property was completely renovated in 2016. Residential units include central heat and air, newer kitchens and baths with quartz counters, 42-inch kitchen cabinets, and stainless appliances, including dishwashers. Hardwood floors are also described as newer throughout. Building amenities include a shared common patio area and coin laundry located in the basement.
The asset is located in Logan Square, Chicago, with a combined street-facing front building and rear coach house configuration that supports a straightforward two-structure layout.
For investors seeking a maintained, renovated residential income asset, the property’s in-unit systems and modernized kitchen and bath finishes are positioned to support day-to-day tenant functionality. With coin laundry on site and a shared outdoor patio area, the building also offers common-space features that can enhance resident convenience. The public remarks indicate the property is being offered as fully rented.
The asset is located in Logan Square, Chicago, with a combined street-facing front building and rear coach house configuration that supports a straightforward two-structure layout.
For investors seeking a maintained, renovated residential income asset, the property’s in-unit systems and modernized kitchen and bath finishes are positioned to support day-to-day tenant functionality. With coin laundry on site and a shared outdoor patio area, the building also offers common-space features that can enhance resident convenience. The public remarks indicate the property is being offered as fully rented.
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 | $147.7k | $29.40 |
| − Vacancy | −$7.7k | −$1.53 |
| EGI | $140.1k | $27.87 |
| − OpEx | −$63.0k | −$12.54 |
| NOI | $77.0k | $15.33 |
5,025 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$962.9K – $1.28M
NOI $77,029 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,849 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bird Trouble
Industrial Manufacturer
The New Utuado Barber ...
Barber Shop
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7209159
- Latitude
- 41.9169794
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Renovated multi-unit property with central heat and air, updated kitchens, and basement coin laundry.
Where is this residential income property located?
The property is located at 3743 West Armitage Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Renovated mixed‑use 2‑building property: brick 3‑story front building plus frame 3‑story rear coach house (built 1909); Completely renovated in 2016; Units feature central heat and air
