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    Apartment buildings

    321 Washtenaw Ave, Chicago, IL 60612

    3,600 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Apartment buildings
    Total area 3,600 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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