Three-Building Apartment
990 992 994 CHICAGO AVE Harrisonburg, VA 22802
990 992 994 CHICAGO AVE, Harrisonburg, VA, 22802
$3,950,000
Pending
For Sale
$3,950,000
Pending
COMMERCIAL - HARRISONBURG, VA
Property Size15,712 SF
Lot Size1.65 Acres
Days on Market129
Property Features for 990 992 994 CHICAGO AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-3 Multiple Dwelling Res
- Standard status
- Pending
- APN
- 047 P 1
- Size
- 15,712 SF
- Lot size
- 1.65 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 31027
Utilities
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Wall/Window Unit(s), Wall Unit(s)
Building Details
- Year built
- 1986
- Roof type
- Composition
Listing Agency
Funkhouser Real Estate Group
(540) 434-2400
401 University Blvd, Harrisonburg, VA
Listed by
Ryan Roberts · License #0225101587
(540) 434-2400
Added: Mar 11 Checked: Jul 17 at 11:06 pm
MLS# 674218
Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes three separate apartment buildings at 990, 992, and 994 Chicago Ave in Harrisonburg, VA. The properties feature brick exterior walls and a composition shingle roof, with concrete slab construction. Each building includes a community laundry room, and the unit mix consists of 32 one-bedroom apartments. Several units have been upgraded with LVP flooring, while the remaining apartments maintain the property’s existing efficiency layout. The buildings were constructed in 1986 and have been maintained with recent updates, including new exterior decking and roof replacement.
The portfolio is situated on approximately 1.65 acres and is positioned near EMU and downtown Harrisonburg, according to the provided remarks. The community layout supports shared laundry use, and the property is currently reported as fully occupied.
For buyers looking for a managed residential income property, this structure provides an established, repeatable tenant experience across three brick buildings. With 32 one-bedroom apartments and baseboard heat alongside wall-mounted air conditioning units, the configuration is designed for efficient occupancy. Professionally managed lease agreements and documentation are described as being in good order, and the laundry amenity is included on-site within the community laundry rooms.
The portfolio is situated on approximately 1.65 acres and is positioned near EMU and downtown Harrisonburg, according to the provided remarks. The community layout supports shared laundry use, and the property is currently reported as fully occupied.
For buyers looking for a managed residential income property, this structure provides an established, repeatable tenant experience across three brick buildings. With 32 one-bedroom apartments and baseboard heat alongside wall-mounted air conditioning units, the configuration is designed for efficient occupancy. Professionally managed lease agreements and documentation are described as being in good order, and the laundry amenity is included on-site within the community laundry rooms.
Key Highlights
- 32 one‑bedroom apartments across three brick buildings on 1.67 acres at 990, 992 & 994 Chicago Avenue
- Built in 1986 with a composition shingle roof and concrete slab construction
- Units are approximately 475 SF each with baseboard heat and wall/window air conditioning units
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Brick multifamily buildings with 32 one-bedroom units offer a straightforward residential income setup.
Where is this apartment building located?
The property is located at 990 992 994 CHICAGO AVE Harrisonburg, VA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 32 one‑bedroom apartments across three brick buildings on 1.67 acres at 990, 992 & 994 Chicago Avenue; Built in 1986 with a composition shingle roof and concrete slab construction; Units are approximately 475 SF each with baseboard heat and wall/window air conditioning units
