Chicago, IL 60651 1509 N Avers Avenue
$1,169,000



5 more





Presented By: Triton Realty Group LLC
Home Details
Triton Realty is proud to present a rehabbed 6-unit multifamily building at 1507 N Avers in Humboldt Park. This center-entrance property offers an excellent investment opportunity in one of Chicago's high-demand rental markets. The building features five legal units plus one non-conforming sixth unit and has been completely updated throughout with modern finishes. Each unit boasts updated kitchens with stainless steel appliances, white shaker cabinets, and elegant quartz countertops, along with beautiful hardwood flooring and fully rehabbed bathrooms featuring classic subway tile. The spacious layouts include four 3-bedroom 1-bath units, one 4-bedroom 1-bath unit, and one 1-bedroom 1-bath unit. Additional updates included new electrical throughout with in unit panel, copper plumb ing and newer boiler. Additional tenant appeal comes from the private back decks off the rear of the units, while rear-lot parking provides convenient extra income potential. Centrally located with easy access to Humboldt Park and public transportation, this turnkey multifamily property is ideal for investors seeking strong cash flow and long-term value in this up-and-coming Chicago neighborhood.
Presented By: Triton Realty Group LLC
General for 1509 N Avers Avenue
Additional Parcels Y/NNo
Cap Rate6.58
CityChicago
CoolingWindow Unit(s)
CountyCook
DirectionsProperty sits south of North Ave
Electric Expense541
Fuel Expense7639
Gross Income128400
Insurance Expense4500
Lot Size Square Feet6076
MLS AreaCHI - Humboldt Park
MaintenanceExpense2100
Net Operating Income76905
Number Of Units Total6
Operating Expense45075
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusNew
Stories Count3
Tax Annual Amount14709
Tax Year2024
Tenant PaysElectricity
TownshipWest Chicago
Trash Expense1686
Water Sewer Expense3600
Year Built1920
Exterior for 1509 N Avers Avenue
Lot Dimensions51 X 120
Lot Size Acres0.13
Additional Details
Price History
