If your looking to buy a property where you can rent out to tenants and see a great cash-flow investment, look no further. Except if you’re reading this, of course, because you’ve come to the right list. We’ve got you covered with this curation of 10 apartment buildings up for sale in Chicago.
3646 W Belmont Ave • $450,000
This 2-unit, mixed-use building is found in the Avondale/Logan Square neighborhood, walking distance from the blue line. It’s just about 2,900 square foot with a 120 square foot deck and a fenced-in backyard rounding it to 3,700 SF. Can’t forget the 2 car garage, multi-purpose first floor, and 3 bedroom/1 bathroom second level.
858 N Franklin St • $13,995,000
Well if this isn’t spanking, brand new? This 23-unit boutique apartment building is at the heart of Chicago’s River North neighborhood, right on the corner of Franklin and Chestnut. It’s close proximity to both the Red Line and Brown Line, and several renown shopping districts is uncanny. There are eight 1 bedrooms, thirteen 2 bedrooms, and two 3 bedroom penthouse units. Twenty apartments have balconies, while terraces comprise the top floor units. You’ll also catch beautiful views of the skyline, facing east and south.
1510 W Division St • $7,390,000
This property was only constructed in 2016, making it spanking, brand new too. Right on the popular Division street, the four-story, mixed-use building is located in the Bucktown/Wicker Park neighborhood, and feet away from the Blue Line. In a rush to O’Hare Airport? Take your time. There’s just about 14,000 SF of living space, and it sits on approximately 5,500 SF of land. It is elevator accessible, featuring twelve apartments with one, two and three bedroom units hovering over a commercial space occupied by Fairway Independent Mortgage Corporation.
4875 N Magnolia Ave • $10,500,000
This is a classic Uptown neighborhood apartment building. It was fully renovated in 2014, updating the 74-unit apartment building’s major systems as well as adding an elevator, a fitness center, and a secure key-fob entry, just to name a few. Now, the 74-units feature vinyl hardwood plank floors, granite counter-tops, which adds a modern flare, black appliances, as well as hybrid laminate cabinets. Some units have kitchen islands. There are studios, 1 bedrooms, and 2 bedrooms, and a few of the apartments have patios.
3024 W. Addison Street • $1,700,000
This building is 3 stories with 7 units and a 5 car garage. The best thing about the older apartment buildings is that they used to make them bigger back in the day, and that’s exactly what you’re getting. Huge room sizes, walk-in closets, a porch and a sun porch. This could even be sold as condo apartments. Windows and roofing has been replaced, along with the electric components throughout the building.
5022-30 N Winthrop Ave • $6,560,000
Another Uptown gem, the 32 unit, courtyard style, property solely made up of 2 bedroom/1 bathroom apartments. Expect renovated units all featuring dishwashers, individual HVAC, and, the best of all, in-unit laundry equipment. Phew! In the last year, the building has undergone several in-unit updates, such as installation of new windows at the courtyard side, new porches, courtyard landscapes and an added sprinkler system. The new electronic buzzer system is also a popular perk.
9117 S Commercial Ave • $290,000
10,158 SF for starters. Also, a brilliantly and recently rehabbed Chicago landmark built in 1910. This is another mixed-use building with a storefront, two 2 bed apartments and five 1 bed units. The apartments are updated and individually metered. There is a Family Dollar nearby, and it is close to shopping and public transportation. Afterall, it is surrounded by a hub of commercial and residential properties.
1618 N Bosworth Ave • $4,190,000
This is your Bucktown neighborhood 6 unit newly constructed building from the ground up, consisting of two 3 bedroom and 2.5 bathroom duplex down, two 3 bedroom and 2.5 bathroom duplex up, and finally, two 2 bedroom and 2 bathroom simplex apartments. There is garage parking for all, and one can expect the building provides all the design features and amenities one would expect from a modern condominium construction. With private out door space, plus 2 rooftop decks for those duplex up apartments, a large deck above the garage, and a front deck for the duplex down apartments, no one loses.
4357 N Hermitage Ave • $1,495,000
It’s hard not to see all the character in this 5-unit building up for sale. Rent them as apartments, rent them as condos, duplex up and down. Keep it all to yourself. That’s the beauty of this gem full of potentials. Each unit has been closely taken care of by the long-term owner, and each unit has its separate utilities. It’s located right near the Brown Line Montrose stop, as well as a sea of restaurants and shopping.
