Chicago, IL 60647 3060 W Armitage Avenue

Pending
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Presented By: Star Realty & Management
  • MLS# 12355322
  • 05/07/2025
  • Request Tour
  • Request Info
  • Beds • 5
  • SQFT • 16,800

Home Details

Beautifully maintained and built in 2012, this all-brick 13-unit mixed-use building is ideally situated in the heart of Chicago's vibrant Logan Square neighborhood-just steps from shops, restaurants, and parks. The property includes 12 residential units and 1 street-level retail space, offering a strong and stable income stream with value-add potential. The residential unit mix consists of:6:2 bed /2 bath units, 3:2 bed / 1 bath units, 3:1 bed / 1 bath units. Each apartment features high-end finishes such as granite countertops, maple cabinetry, stainless steel appliances, and private balconies. The building also includes a mix of heated garage and outdoor parking, additional storage, and a dedicated bike room. Currently fully occupied, many of the units are leased to long-term tenants at below-market rents, offering immediate upside through rental increases and selective unit upgrades. There's also potential to add rooftop decks with stunning views of the downtown Chicago skyline. Whether you're seeking a turnkey investment or a value-add opportunity, this well-located asset offers both solid current income and future growth potential.
Presented By: Star Realty & Management

General for 3060 W Armitage Avenue

Additional Parcels Y/NYes
Cap Rate6.69
CityChicago
Construction MaterialsBlock, Brick
CoolingCentral Air, Central Individual
CountyCook
DirectionsSouth on Kedzie, East on Armitage to property
ElectricSeparate Meters, Service - 201 to 600 Amps
Electric Expense3961
Fuel Expense938
Gross Income401176
Insurance Expense7600
Lot Size Square Feet6098
MLS AreaCHI - Logan Square
MaintenanceExpense7200
ModificationTimestamp2025-08-23T04:04:01.589Z
Net Operating Income294181
Number Of Units Total13
Operating Expense94959
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofMembrane
Standard StatusPending
StatusPending
Stories Count4
Tax Annual Amount41018
Tax Year2023
Tenant PaysAir Conditioning, Common Area Maintenance, Electricity, Heat
Trash Expense2811
Water Sewer Expense3782
Year Built2012
ZoningMULTI

Exterior for 3060 W Armitage Avenue

Building Area Total16800
BuyerOfficeFax(312) 327-5410
Foundation DetailsBlock, Concrete Perimeter
Lot Dimensions48X125

Additional Details

Price History

Client Care

Price $4,300,000
MLS#12355322
List Date 05/07/2025
Property Type Pending
Phone 847.485.2500
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