2325 S California Avenue
Chicago, IL 60608

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Description

A 7-unit brick, walk-up building in Chicago's thriving Little Village neighborhood within Marshall Square. This property boasts a diverse unit mix of three (3) one-bedroom / one-bath apartments, one (1) two-bedroom / one-bath apartment, one (1) two-bedroom / two-bath apartment, one (1) three-bedroom / two-bath apartment, and one (1) three-bedroom / three-bath apartment. This one-of-a-kind property has undergone a complete gut rehabilitation with no expense spared, featuring condo-quality finishes throughout. The apartment improvements include designer kitchens with white shaker-style cabinetry, quartz countertops, and stainless steel appliances, fully updated bathrooms with modern vanities and tile work, and new flooring. Every unit features in-unit stackable Whirlpool washer/dryer units, individual Ruud furnaces, and Rheem tankless water heaters for ultimate efficiency and tenant convenience. Additional building upgrades included a new 400 AMP electrical service with individual metering for each unit plus common areas. The property also offers five (5) surface parking spaces in the rear that provide additional income. Premium amenities include in-unit laundry and modern mechanical systems. This turnkey opportunity in Little Village offers a fully renovated, income-generating asset with significant growth potential.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60608
• Year Built: 1960
• Sq.Ft.: 4,963 sq ft
• Stories: 2
• Units: 7 units
• Zoning: COMMR
• Approximate Age: Older
• Building Area Total: 4963
• Built Before 1978 (Y/N): Yes
• Cap Rate: 6.54
• Construction Materials: Brick
• Directions: California just South of Cermak Rd.
• Electric: Separate Meters, Service - 201 to 600 Amps
• Electric Expense: 303
• Electric Expense Source: Actual
• Fuel Expense: 5356
• Fuel Expense Source: Actual
• Gross Income: 162043
• Gross Rent Multiplier: 9.1
• Heat/Ventilation: Individual Furnaces
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 5066
• Insurance Expense Source: Actual
• Janitor Expense: 7697
• Lot Size Square Feet: 6084
• Main Type: Commercial Sale
• Maintenance Expense: 6300
• Operating Expense: 57520
• Other Expense: 15284
• Other Expense Source: Combination
• Outdoor Parking: 1-5 Spaces
• Repairs-Decor Expense Source: Broker Projection
• Roof: Composition
• Roof Structure: Pitched
• Tax Annual Amount: 10849
• Tax Year: 2024
• Total Monthly Income: 11895
• Township: South Chicago
• Trash Expense: 2064
• Trash Expense Source: Actual
• Water Expense Source: Actual
• Water Sewer Expense: 2501