1508-1512 W Farwell Avenue
Chicago, IL 60626

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Description

22 unit Roger's Park solid brick multi-unit building. Parking adjacent and included in sale. Most of the units have been renovated. Recent work to building allows for you to purchase and collect rent! Advance notice needed for showings. Please see virtual tour to see drone footage including parking lot. several 2 bedrooms and 1 bedrooms. 1 studio. Call today to arrange for a tour

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60626
• Year Built: 1963
• Stories: 5
• Units: 22 units
• Zoning: MULTI
• Additional Parcels: Yes
• Approximate Age: New Rehab
• Built Before 1978 (Y/N): Yes
• Cap Rate: 5.4
• Construction Materials: Brick
• Directions: ashland north of pratt to Farwell, east to building
• Electric Expense: 3368
• Electric Expense Source: Actual
• Expense Year: 2025
• Foundation Details: Concrete Perimeter
• Fuel Expense: 24575
• Fuel Expense Source: Actual
• Gross Income: 433480
• Gross Rent Multiplier: 13.4
• Gross Scheduled Income: 483580
• Heat/Ventilation: Central Bldg Heat
• Information: 24-Hr Notice Required, List Broker Must Accompany, No Sign on Property
• Insurance Expense: 15093
• Insurance Expense Source: Actual
• Janitor Expense: 3000
• Known Encumbrances: None Known
• Land Amenities: Curbs and Gutters, Sidewalks
• Location: Free Standing/Urban
• Lot Size Source: County Records
• Lot Size Square Feet: 17200
• Main Type: Commercial Sale
• Maintenance Expense: 1200
• Operating Expense: 128148
• Other Expense: 1000
• Other Expense Source: Actual
• Outdoor Parking: 19-30 Spaces
• Ownership Type: Individual
• Repairs-Decor Expense Source: Owner Projection
• Tax Annual Amount: 51895
• Tax Year: 2024
• Total Annual Expense Source: Actual
• Total Monthly Income: 50100
• Township: Rogers Park
• Trash Expense: 6755
• Trash Expense Source: Actual
• Type Multi-Family: Flats
• Virtual Tour Date: 2026-01-20T19:01:15
• Water Expense Source: Actual
• Water Sewer Expense: 21106