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2620 W. Evergreen Ave. 2620 W Evergreen Ave 4 Unit Apartment Building $1,374,272 CAD ($343,568 CAD/Unit) Chicago, IL 60622
INVESTMENT HIGHLIGHTS
- Below Market Rents
- Great location just steps from Humboldt Park
- Value-Add with refresh and expanded bedrooms in coach house
EXECUTIVE SUMMARY
This all-brick multi-family property offers a rare combination of charm, stability, and upside potential. With four total units spread across two buildings, this is an excellent opportunity for both investors and owner-occupants.
The 3 story building features a spacious 3-bedroom, 2-bath duplex-down unit that’s perfect for an owner or premium rental. Two additional 2-bedroom, 1-bath units maintain original vintage details including decorative wood trim, and built-ins. In the rear of the property, a detached 2-bedroom coach house provides added income potential.
The units all have long-term tenants in place and rents currently below market—presenting a strong value-add opportunity. Whether you choose to renovate and reposition or hold as-is for steady cash flow, there is plenty of room for increased return on investment.
Just steps from Humboldt Park, this location offers access to green space, cultural attractions, and a lively dining and shopping scene. Public transportation is nearby, and the neighborhood continues to see strong demand from renters and homeowners alike.
The 3 story building features a spacious 3-bedroom, 2-bath duplex-down unit that’s perfect for an owner or premium rental. Two additional 2-bedroom, 1-bath units maintain original vintage details including decorative wood trim, and built-ins. In the rear of the property, a detached 2-bedroom coach house provides added income potential.
The units all have long-term tenants in place and rents currently below market—presenting a strong value-add opportunity. Whether you choose to renovate and reposition or hold as-is for steady cash flow, there is plenty of room for increased return on investment.
Just steps from Humboldt Park, this location offers access to green space, cultural attractions, and a lively dining and shopping scene. Public transportation is nearby, and the neighborhood continues to see strong demand from renters and homeowners alike.
PROPERTY FACTS
| Price | $1,374,272 CAD | Building Class | C |
| Price Per Unit | $343,568 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 5,526 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1880/2009 |
| Zoning | Rs-3 | ||
| Price | $1,374,272 CAD |
| Price Per Unit | $343,568 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,526 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1880/2009 |
| Zoning | Rs-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $1,325 CAD | - |
| 2+1 | 1 | $1,674 CAD | - |
| 2+1.5 | 1 | $1,430 CAD | - |
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Walk Score®
Very Walkable (82)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 16-01-217-036-0000 | Improvements Assessment | $98,091 CAD |
| Land Assessment | $24,221 CAD | Total Assessment | $122,312 CAD |
PROPERTY TAXES
Parcel Number
16-01-217-036-0000
Land Assessment
$24,221 CAD
Improvements Assessment
$98,091 CAD
Total Assessment
$122,312 CAD
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2620 W. Evergreen Ave. | 2620 W Evergreen Ave
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