Skip To Content

6341 N Wayne Avenue

Chicago, IL 60660
  • $2,749,500
  • STATUS: Active
  • ON SITE: 80 Days
  • MLS #: 11741988
UPDATED: 174 min ago
$2,749,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1917
County:

School Ratings & Info

Description

No stone left unturned on this stunning classic center entrance. 6341-43 N. Wayne is a legal seven (7) unit apartment building in the desirable Edgewater neighborhood. This high-end renovation offers a new owner an incredible stabilized return and is priced to sell at over a 7.0% cap rate. Renovated in 2022-23, all apartments feature oversized layouts with designer styled chef kitchens, bathrooms with high end finishes, master suites, private outdoor space, and modern floor plans. Unique designer touches also include streak free graphite appliances with beautiful Quartz counter tops and classy hardwood floors. In addition to its cosmetic updates, ownership has added new electric service, plumbing, central HVAC systems, new water main, flood control systems, and in-unit W/D in all units. There is also a new exterior porch with large balconies offering residents a private and ample outdoor space. Both the Loyola University student population and Edgewater residents are attracted to these apartments opening two renter pools. 6341-43 N. Wayne presents a buyer the rare opportunity to acquire stabilized asset in an excellent location providing a solid cash-on-cash return for many years to come.

Monthly Payment Calculator



© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-09T23:58:58.01 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.angelawalkerhomes.com/homes/137894258
Print Image

6341 N Wayne Avenue Chicago, IL 60660

  • Price: $2,749,500
  • Status: Active
  • On Site: 80 Days
  • Updated: 174 min ago
  • MLS #: 11741988
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1917
Built
Neighborhood:
Chi - Edgewater
County:
Cook
Area:
Chi - Edgewater
Property Description
No stone left unturned on this stunning classic center entrance. 6341-43 N. Wayne is a legal seven (7) unit apartment building in the desirable Edgewater neighborhood. This high-end renovation offers a new owner an incredible stabilized return and is priced to sell at over a 7.0% cap rate. Renovated in 2022-23, all apartments feature oversized layouts with designer styled chef kitchens, bathrooms with high end finishes, master suites, private outdoor space, and modern floor plans. Unique designer touches also include streak free graphite appliances with beautiful Quartz counter tops and classy hardwood floors. In addition to its cosmetic updates, ownership has added new electric service, plumbing, central HVAC systems, new water main, flood control systems, and in-unit W/D in all units. There is also a new exterior porch with large balconies offering residents a private and ample outdoor space. Both the Loyola University student population and Edgewater residents are attracted to these apartments opening two renter pools. 6341-43 N. Wayne presents a buyer the rare opportunity to acquire stabilized asset in an excellent location providing a solid cash-on-cash return for many years to come.
Exterior Features

Outdoor Parking 1-5 Spaces Parking Total 5

Interior Features

Heat Ventilation Central Heat/Indiv ControlsIndividual Furnaces

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Gross Income 250740 Gross Scheduled Income 260340 Insurance Expense 6500 Maintenance Expense 3500 Mls Actual Status Active Net Operating Income 191732 Operating Expense 53197 Tax Annual Amount 18500 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeatHot Water Total Monthly Income 21695 Type Multi Family 5+

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Triton Realty Group Llc: 312-788-9379.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-09T23:58:58.01 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11741988-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11741988-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11741988-1.jpg
Logo
Angela Walker Homes Real Estate Group
1547 Westchester Blvd.
Westchester IL, 60154