Property profile

1746 California Ave Chicago, IL 60647

OFF-MARKET
Apartment buildings
Property ID
US28-2695990
3,948 SF Built 1890
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Property summary

AI-generated overview

This meticulously renovated Class A, three-unit apartment building presents a compelling investment opportunity in Chicago's desirable South Logan Square neighborhood. Located just 150 feet from the 606 Trail, this property comprises two buildings totaling 3,948 square feet on a 2,500 square foot lot. The front building features a 2-bedroom, 2-bathroom simplex unit with an ensuite master bath and a spacious 3-bedroom, 3-bathroom duplex unit, both boasting 10-foot ceilings and upscale finishes. The rear coach house, a charming two-story structure, offers 3 bedrooms and 2.5 bathrooms, including an ensuite master bath and expansive first-floor living space. All units include in-unit washer/dryers, custom cabinets, quartz countertops, and custom tile work. Extensive renovations completed in 2024 encompass new Hardie board and vinyl siding, a new concrete sidewalk and patio, a new metal deck, and completely updated mechanicals, electrical, plumbing, and insulation. This stabilized investment property, built in 1890, offers strong cash flow potential and is situated near restaurants, parks, and less than half a mile from the Blue Line CTA on California Avenue. The asking price is $1,249,000, representing $416,333 per unit and $316.36 per square foot. The property features fee simple ownership and is located at 1746 N California Ave, Chicago, IL 60647 (APN: 13363230230000).

Property profile

Verified
Property type Apartment buildings
Year built 1890
Total area 3,948 SF
UPID US28-2695990

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1746 California Ave Chicago, IL 60647
Chicago metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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