3645 Wilton Ave Chicago, IL 60613
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 3645 Wilton Ave
- Year built
- 1894
- Property type
- Commercial real estate
Description
This exceptional six-unit apartment building, located at 3645 N Wilton Ave in Chicago's desirable Wrigleyville neighborhood (zip code 60613), presents a compelling investment opportunity. Built in 1894 and fully renovated in 2008, this three-story Class A property boasts a strong financial performance, with a Net Operating Income (NOI) of $234,126 and a 6.99% capitalization rate. The asking price is $3,350,000, translating to $558,333.33 per unit. The building comprises six units: two three-bedroom, three-bathroom duplex downs and four three-bedroom, two-bathroom simplexes. Each unit features modern kitchens and baths, hardwood floors, in-unit laundry, and private outdoor space. Six assigned parking spaces are included. Recent capital improvements include a new roof, extensive tuckpointing, updated porches, and updated windows, plumbing, and electrical systems. The property sits on a 50x121 foot lot and totals 9200 square feet. Its RM-5 zoning allows for a variety of uses. The building's prime location offers easy access to Lake Michigan, restaurants, grocery stores, public transportation, and Wrigley Field. This meticulously maintained property is ideal for an investor seeking strong returns and a desirable location. The building's history, combined with its modern amenities and high demand location, makes it a truly unique investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6528662
- Latitude
- 41.9486231
