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2615 W North Ave
Chicago, IL 60647
Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
We are pleased to present the exclusive sale of 2615 W North Ave. Located on a prime corner in the vibrant West Town/Humboldt Park neighborhood, this fully-leased mixed-use property offers two updated (3BD/1BA & 4BD/1BA) apartments and a long-term restaurant tenant. The apartments feature modern finishes, in-unit laundry, hardwood floors, and private outdoor space, while the restaurant lease includes the basement and 3.0% rent increases starting in 2026. The restaurant also pays a portion of the property taxes and 70% of water/sewer/trash, with a 2025 Gross Scheduled Income of $91,968, projected 2026 EGI of $97,537. Recent capital improvements include, but are not limited to, a new roof (2020), parking pad, deck, and foundation work. This asset provides stable cash flow with built-in upside in one of Chicago’s most dynamic corridors.
PROPERTY FACTS
| Price Per Unit | $206,533 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.32% | Lot Size | 0.06 AC |
| No. Units | 6 | Building Size | 5,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1904/2024 |
| Zoning | B3-2 | ||
| Price Per Unit | $206,533 CAD |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1904/2024 |
| Zoning | B3-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Security System
- Ceiling Fans
- Sprinkler System
- Wi-Fi
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Security System
- Smoke Free
- Wi-Fi
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 16-01-203-004-0000 | Improvements Assessment | $88,739 CAD |
| Land Assessment | $20,819 CAD | Total Assessment | $109,558 CAD |
PROPERTY TAXES
Parcel Number
16-01-203-004-0000
Land Assessment
$20,819 CAD
Improvements Assessment
$88,739 CAD
Total Assessment
$109,558 CAD
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