UNDER CONTRACT – MULTI-FAMILY
6442-44 N. Bell Ave. Chicago, IL 60645
PRICE
Call for details
NUMBER OF UNITS
9
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 6442-44 N. Bell Ave., a 9-unit walk-up apartment building located in Chicago's West Ridge neighborhood. The unit mix consists of three (3) 2 Bd/1 Ba+Den and six (6) 2 Bd/1 Ba units.

The building had been significantly renovated in 2016/2017 and each unit features hardwood floors throughout, granite countertops, stainless steel appliances, espresso cabinetry, ceiling fans and individual in-unit HVAC systems. In addition, the building has received many additional CapEx improvements such as windows (2016), electric service (2016) and copper plumbing (2016).

LOCATION DETAILS

The property is situated 1 mile west of Loyola University's campus, on the west side of Bell Avenue, just south of Arthur Avenue in West Ridge, and is conveniently located only steps from a multitude of local shops and restaurants along Devon and Western Avenues. The building is also located next door to the Robert A. Black Golf Course as well as Hoyne Field which is home to Loyola University's beloved NCAA Men's and Woman's Soccer and Softball Teams.

HIGHLIGHTS
  • 2016/2017 Rehabbed Property with Value-Add Upside
  • Nine (9) Huge 2 Bed/1 Ba Layouts
  • All New Windows, Electric Service, and Copper Plumbing
  • Hardwood Floors, Granite Countertops, Stainless Steel Appliances, HVAC In-Unit
  • Two (2) Surface Parking Spaces
  • Current/Stabilized Cap Rate: 6.3% / 6.78%
  • Current/Stabilized GRM: 10.84 / 9.8
  • Stabilized Cash-On-Cash Return of 8.36%
LISTING BROKER
Matt Feo
Associate
224.305.4102