321 Washtenaw Ave, Chicago, IL 60612
This exceptional three-unit apartment building, located at 321 South Washtenaw Avenue in Chicago's vibrant East Garfield Park neighborhood (zip code 60612), presents a lucrative investment opportunity. Completed in 2022, this new construction property boasts a total of 3,600 square feet and offers three spacious two-bedroom, two-bathroom units. Each unit is meticulously designed with modern finishes, including stainless steel appliances and elegant quartz countertops. Residents will appreciate the convenience of in-unit laundry facilities, as well as individual water heaters and furnaces equipped with air conditioning, ensuring year-round comfort and energy efficiency. The property's prime location in Cook County, Illinois, offers easy access to various amenities and transportation options. The asking price for this turnkey investment is $875,000. This represents a rare chance to acquire a high-quality, newly constructed multifamily property in a rapidly developing area of Chicago. The building's modern features and desirable location make it an ideal investment for both seasoned and aspiring real estate investors seeking strong rental income and potential appreciation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.