4357 W West End Avenue
Chicago, IL 60624

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Description

Outstanding, turnkey, previously fully rehabbed, fully rented, Garfield Park 18-unit apartment building in prime location with 8.2% cap rate on 75x150 foot corner lot with RT-4 zoning. Building consists of 6 three-bedroom and 12 two-bedroom apartments. All apartments have been remodeled with modern kitchens and bathrooms. Hardwood floors throughout living area and bedrooms. 800 Amp electrical service! Water heaters replaced in 2023. Easy street parking. Fantastic location is close to Tilton Elementary School, Garfield Park Conservatory, ponds, gardens, and athletic facilities, Pulaski CTA Green & Blue Line stops, and 290 Expressway. Five miles to Chicago Loop. Each unit has its own individual gas forced air furnace. Tenants pay for electric and heat. Cashless laundry on site provides additional income. Located within an opportunity zone. AHSAP 35% tax reduction applied.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60624
• Year Built: 1901
• Stories: 3
• Units: 18 units
• Basement: Unfinished
• Zoning: MULTI
• # Of Dryers: 2
• # Of Ranges: 18
• # Of Refrigs: 18
• # Of Washers: 2
• Approximate Age: Older
• Building Unit Info: No Units Furnished
• Built Before 1978 (Y/N): Yes
• Cap Rate: 8.2
• Construction Materials: Brick
• Directions: Kostner (4400W) South of Lake Street to West End (200N). Southeast corner of Kostner and West End.
• Electric: Circuit Breakers, Over 600 Amps
• Electric Expense: 1920
• Electric Expense Source: Actual
• Expense Year: 2025
• Fuel Expense: 7190
• Fuel Expense Source: Actual
• Gross Income: 317928
• Gross Rent Multiplier: 8.8
• Gross Scheduled Income: 322695
• Heat/Ventilation: Forced Air, Gas
• Information: 48-Hr Notice Required
• Insurance Expense: 16065
• Insurance Expense Source: Actual
• Location: Corner
• Lot Size Source: County Records
• Lot Size Square Feet: 11250
• Main Type: Commercial Sale
• Maintenance Expense: 13558
• Manager Expense: 16135
• Manager Expense Source: AC
• Misc Inside: Laundry Room
• Operating Expense: 93587
• Other Expense: 11722
• Other Expense Source: Actual
• Ownership Type: Limited Liability Corp
• Repairs-Decor Expense Source: Actual
• Sewer: Storm Sewer
• Tax Annual Amount: 14198.03
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 26891
• Township: West Chicago
• Trash Expense: 3842
• Trash Expense Source: Actual
• Type Multi-Family: Flats
• Water Expense Source: Actual
• Water Sewer Expense: 8937
• Water Source: Municipal Water