CLOSED – MULTI-FAMILY
3045 North Clifton Chicago, IL 60657
NEIGHBORHOOD
Lakeview
PRICE
Call for details
NUMBER OF UNITS
5
PROPERTY LISTED

3045 North Clifton Avenue is a five unit multi-family apartment building located in the popular Lakeview neighborhood of Chicago. The current unit mix includes 1, 2 and 3 bedroom apartments. There are 4 apartments in the main building with an additional unit in the rear coach house. One of the 2 bedroom units is a duplex up, while the 3 bedroom unit occupies all three levels of the coach house. All of the apartments have been renovated over the past ten years with new kitchens and bathrooms and feature in-unit laundry.

Based on the prime location and steady rental stream in the Lakeview neighborhood 3045 North Clifton Avenue presents the investor with at least two profitable ownership strategies. Based on market research of similar properties in the area the current rents are at below-market rates. A new owner could bump rents and passively manage this stable property. Another strategy involves renovating the units with high-end, luxury finishes and increasing rents to the top of the market.

LOCATION DETAILS

The property is situated on the east side of Clifton Avenue, just south of West Barry Avenue. The property is conveniently located .3 miles from both the Wellington CTA Station to the southeast and the Belmont CTA Station to the northeast. Quick access to both CTA stations provides tenants access to the Red, Brown, and Purple Lines.

HIGHLIGHTS
  • 10 Property Tours and Multiple Offers Received
  • Located in a Great Pocket of Lakeview
  • 5 Unit Apartment Building Including a 3 Level Coach House
  • 1, 2 and 3 Bedroom Apartment Units
  • Value-Add Opportunity (Rents Currently Below Market)
  • Some Units Updated
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922
Steven Livaditis
Principal
773.305.4840