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2050-52 W Fargo Ave 2050 W Fargo Ave 12 Unit Apartment Building $2,931,432 CAD ($244,286 CAD/Unit) 6.29% Cap Rate Chicago, IL 60645
INVESTMENT HIGHLIGHTS
- 30+ Year Ownership
- Attached Seven-Car Garage
- (9) 1bd/1ba and (4) 2bd/1ba with Separate Dining Rooms
- Below Market Rents
EXECUTIVE SUMMARY
Kiser Group has been exclusively engaged to market 2050-52 W Fargo Ave, a 13-unit walk-up apartment building located in Chicago’s Rogers Park neighborhood. The property includes 13 large units presenting a compelling value-add opportunity in a strong North Side rental market.
The building has been under the same ownership for over 30 years and has been well-maintained throughout that time. Recent capital improvements include a full roof tear-off and parapet wall rebuild (2014), fully rebuilt boiler (2025), new windows (2010), porch replacement (2005), and tuckpointing (2023). The unit mix consists of (9) 1bd/1ba and (4) 2bd/1ba apartments, all featuring spacious layouts with separate dining rooms. The property also includes a seven-car garage, providing additional income potential.
A new owner has the opportunity to unlock substantial value through cosmetic upgrades to kitchens, bathrooms, and common areas, along with potential layout improvements to enhance functionality and appeal. With rents currently below market due to long-term tenancy, the property offers immediate upside potential through renovations and efficient operations.
The building has been under the same ownership for over 30 years and has been well-maintained throughout that time. Recent capital improvements include a full roof tear-off and parapet wall rebuild (2014), fully rebuilt boiler (2025), new windows (2010), porch replacement (2005), and tuckpointing (2023). The unit mix consists of (9) 1bd/1ba and (4) 2bd/1ba apartments, all featuring spacious layouts with separate dining rooms. The property also includes a seven-car garage, providing additional income potential.
A new owner has the opportunity to unlock substantial value through cosmetic upgrades to kitchens, bathrooms, and common areas, along with potential layout improvements to enhance functionality and appeal. With rents currently below market due to long-term tenancy, the property offers immediate upside potential through renovations and efficient operations.
PROPERTY FACTS Under Contract
| Price | $2,931,432 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $244,286 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 6.29% | Building Size | 11,000 SF |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 - Residential | ||
| Price | $2,931,432 CAD |
| Price Per Unit | $244,286 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 11,000 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Zoning | RT-4 - Residential |
AMENITIES
UNIT AMENITIES
- Microwave
- Oven
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 950 |
| 2+1 | 4 | - | 1,000 - 1,100 |
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Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 11-30-312-017-0000 | Improvements Assessment | $149,767 CAD |
| Land Assessment | $40,638 CAD | Total Assessment | $190,405 CAD |
PROPERTY TAXES
Parcel Number
11-30-312-017-0000
Land Assessment
$40,638 CAD
Improvements Assessment
$149,767 CAD
Total Assessment
$190,405 CAD
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2050-52 W Fargo Ave | 2050 W Fargo Ave
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