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    OFF-MARKET
    Commercial real estate

    1746 California Ave, Chicago, IL 60647

    3,948 SF Built 1890
    Property ID
    US28-2695990
    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 Commercial real estate
    Year built 1890
    Total area 3,948 SF
    APN 13363230230000
    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
    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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