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1956 W Fletcher St 7 Unit Apartment Building $2,454,444 CAD ($350,635 CAD/Unit) 4.84% Cap Rate Chicago, IL 60657



Investment Highlights
- Value-Add 7-Unit Deal
- Mostly 2 Bed / 1 Bath Apartments
- 0.7 Miles to Paulina Brown/Purple Line CTA Station
- Roscoe Village Walk-Up Building
- 0.5 Miles to Lincoln Avenue Commercial Corridor
Executive Summary
Kiser Group has been exclusively engaged to market for sale 3137 N. Damen / 1956 W. Fletcher, a seven-unit corner walk-up building located in Chicago’s Roscoe Village neighborhood. Ideally situated on a picturesque tree-lined residential street, the property is just steps from Hamlin Park, approximately 0.7 miles from the Paulina CTA Brown/Purple Line station, and 0.5 miles from the bustling Lincoln Ave retail corridor.
3137 N. Damen offers an appealing unit mix of five (5) 2 bed / 1 bath apartments, one (1) 1 bed / 1 bath, and one (1) studio apartment. Each features in-unit furnaces, generous layouts, varying finish levels, and desirable vintage charm. Additional property amenities include two on-site garage parking spaces and shared laundry facilities. New ownership can add value by completing additional cosmetic upgrades, adding laundry, and moving rents to market.
Located in Roscoe Village, one of Chicago’s most desirable and supply-constrained rental submarkets, the property benefits from exceptional neighborhood amenities, strong walkability, and consistent tenant demand. Its proximity to transit, retail, and entertainment positions 3137 N. Damen as a rare opportunity to acquire a well-located, multifamily asset with long-term upside in a high-barrier-to-entry market.
3137 N. Damen offers an appealing unit mix of five (5) 2 bed / 1 bath apartments, one (1) 1 bed / 1 bath, and one (1) studio apartment. Each features in-unit furnaces, generous layouts, varying finish levels, and desirable vintage charm. Additional property amenities include two on-site garage parking spaces and shared laundry facilities. New ownership can add value by completing additional cosmetic upgrades, adding laundry, and moving rents to market.
Located in Roscoe Village, one of Chicago’s most desirable and supply-constrained rental submarkets, the property benefits from exceptional neighborhood amenities, strong walkability, and consistent tenant demand. Its proximity to transit, retail, and entertainment positions 3137 N. Damen as a rare opportunity to acquire a well-located, multifamily asset with long-term upside in a high-barrier-to-entry market.
Property Facts
| Price | $2,454,444 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $350,635 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 4.84% | Building Size | 6,999 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 - residential district that allows for a variety of housing types | ||
| Price | $2,454,444 CAD |
| Price Per Unit | $350,635 CAD |
| Sale Type | Investment |
| Cap Rate | 4.84% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,999 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Zoning | RT-4 - residential district that allows for a variety of housing types |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 600 |
| 1+1 | 1 | - | 700 |
| 2+1 | 5 | - | 1,090 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 14-30-200-020-0000 | Improvements Assessment | $94,417 CAD |
| Land Assessment | $72,601 CAD | Total Assessment | $167,018 CAD |
Property Taxes
Parcel Number
14-30-200-020-0000
Land Assessment
$72,601 CAD
Improvements Assessment
$94,417 CAD
Total Assessment
$167,018 CAD
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1956 W Fletcher St
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