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West Ridge Multifamily Investment Opportunity

6215 North Washtenaw Avenue, Chicago, IL 60659

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For Sale

$1,395,000

Eight-unit building in West Ridge near amenities and transportation.

Type:Multi Family 5+ / Flats

Property size:

6,187 SF

Price / SF:

$225/SF

HighLights

Strong income potential from 8 units (6 above grade, 2 basement apartments).
Desirable West Ridge neighborhood location near shopping, parks, and public transportation.
Each of the 6 main units features 2 bedrooms, a large living room, and a separate dining area.
Separate central heating for each unit.
6 parking spaces for tenant convenience.
Newer porch.

We can help!

Listing Contact

Syed Hashmi

Learn more

For Sale

$1,395,000

Eight-unit building in West Ridge near amenities and transportation.

Type:Multi Family 5+ / Flats

Property size:

6,187 SF

Price / SF:

$225/SF

Added:: Nov 10, 2025
Days on Market:: 212
Last Refresh:: Mar 13 at 5:16 pm

Property Features for 6215 North Washtenaw Avenue

General Information

Standard status: Active
Size: 6,187 SF
Property subtype: Multi Family 5+ / Flats

Building Details

Year Built: 1925

We can help!

Listing Contact

Syed Hashmi

Listing agent Syed Hashmi License #471019208

Listing office Guidance Realty

Listing date Nov 10, 2025

Source Compass

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 Guidance Realty

HighLights

Strong income potential from 8 units (6 above grade, 2 basement apartments).
Desirable West Ridge neighborhood location near shopping, parks, and public transportation.
Each of the 6 main units features 2 bedrooms, a large living room, and a separate dining area.
Separate central heating for each unit.
6 parking spaces for tenant convenience.
Newer porch.

Overview

This multifamily property features eight units, including six above-grade units and two basement apartments, offering income potential. Each of the six main units includes two bedrooms, a large living room, a separate dining area, and a partly enclosed back porch suitable for storage. The basement contains one 2-bedroom and one 1-bedroom apartment. Each unit is equipped with separate central heating. The property provides six parking spaces. A newer porch is among the property's features. Located in the West Ridge neighborhood, the building is near shopping, parks, public transportation, and other area amenities. The building has a total size of 6187 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$181.9k	$29.40
− Vacancy	−$9.5k	−$1.53
EGI	$172.4k	$27.87
− OpEx	−$77.6k	−$12.54
NOI	$94.8k	$15.33

6,187 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.35M

$1.19M – $1.58M (±1% cap)

NOI $94,842 @ 7.0% cap · market cap 6.80%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.92M

$2.55M – $3.40M (±1% cap)

NOI $204,201 @ 7.0% cap · market cap 14.64%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

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Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6906509
Latitude: 41.7805255

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For sale
Apartment buildings
IL
Chicago
60659
6215 North Washtenaw Avenue

What type of property is this?

Apartment building - Eight-unit building in West Ridge near amenities and transportation.

Where is this apartment building located?

The property is located at 6215 North Washtenaw Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $1,395,000.

What are key features of this property?

This property features: Strong income potential from 8 units (6 above grade, 2 basement apartments).; Desirable West Ridge neighborhood location near shopping, parks, and public transportation.; Each of the 6 main units features **2 bedrooms, a large living room, and a separate dining area.**