6667-69 W Devon Avenue
Chicago, IL 60631

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Description

Presenting 6667-69 W. Devon Avenue, a six-unit multifamily investment opportunity located in the highly desirable Norwood Park neighborhood of Chicago. The property offers a strong unit mix of two garden one-bedroom units and four above-ground one-bedroom units, each modernized in with granite countertops, stainless steel appliances, hardwood flooring, ceramic-tile bathrooms, and updated mechanical systems. Building-wide improvements include a new roof, updated windows, intercom system, emergency lighting, and fire safety upgrades, providing a turnkey, low-maintenance investment. Additional amenities such as six gated parking spaces, on-site laundry facilities, and secure entry enhance tenant appeal and long-term value.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60631
• Year Built: 1944
• Stories: 2
• Units: 6 units
• Zoning: MULTI
• # Of Dishwashers: 6
• # Of Dryers: 1
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Washers: 1
• Additional Parcels: Yes
• Approximate Age: New Rehab
• Built Before 1978 (Y/N): Yes
• Cap Rate: 5.88
• Construction Materials: Brick, Concrete, Wood
• Cooling: Window Unit(s)
• Directions: Harlem to Devon east to building
• Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
• Electric Expense Source: Broker Projection
• Expense Year: 2024
• Foundation Details: Concrete Perimeter
• Fuel Expense Source: Actual
• Gross Income: 93600
• Gross Rent Multiplier: 13
• Gross Scheduled Income: 97200
• Heat/Ventilation: Hot Water, Radiators
• Information: 24-Hr Notice Required
• Insurance Expense Source: Broker Projection
• Land Amenities: Lighting/Exterior, Security Entrance, Sidewalks
• Main Type: Commercial Sale
• Misc Inside: Laundry Room
• Misc Outside: Security Gate
• Operating Expense: 10570
• Outdoor Parking: 6-12 Spaces
• Ownership Type: Limited Partnership
• Roof Structure: Flat
• Tax Annual Amount: 13257
• Tax Year: 2024
• Tenant Pays: Electricity, Hot Water
• Total Annual Expense Source: Actual
• Total Monthly Income: 7800
• Township: Jefferson
• Type Multi-Family: Flats
• Water Expense Source: Actual