ON MARKET – MULTI-FAMILY
2457 W. Fargo Ave. Chicago, IL 60645
NEIGHBORHOOD
West Ridge
PRICE
$1,645,000
NUMBER OF UNITS
13
CAP RATE
6%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 2453-57 West Fargo Avenue/7415-25 North Campbell Avenue, a 13-unit corner apartment building located in Chicago's West Ridge neighborhood. The unit mix consists of one (1) studio, eleven (11) 1 Bd/1 Ba and one (1) 2 Bd/1 Ba units. Further, four (4) of the thirteen (13) units have been updated. In addition, the property features a rear courtyard with a large common lawn space, as well as six (6) garage parking spaces.

The building is situated on the southeast corner of Fargo and Campbell Avenues in West Ridge, and is located steps from a multitude of shops and restaurants along Western Avenue and Howard Street. The building is also located one block from the Rogers Park District, which offers 13 acres of green space, baseball diamonds, soccer fields and pickleball courts, as well as is within walking distance to the Evanston Target and Best Buy on Howard Street.

LOCATION DETAILS

Known as one of Chicago's most historically and culturally abundant neighborhoods, West Ridge has become a cherished community that boasts thriving retail lining Devon Avenue, historic mansions along Ridge and Lunt Avenues, cultural institutions such as St. Scholastica Academy and one of the highest per capita incomes on the North Side of Chicago.

The subject property is situated in a uniquely desirable pocket of the West Ridge neighborhood surrounded by single-family homes and relatively low apartment density. With many local restaurants, bars, and shopping options and close proximity to several schools, parks, and public transportation, the convenient location of this property has contributed to its historically long-term and loyal tenancy.

HIGHLIGHTS
  • Multiple Value-Add Opportunities
  • Corner Lot Located in Low Density Pocket Near Evanston
  • Extremely Well-Maintained Property
  • Six (6) Garage Parking Spaces
  • Current/Stabilized Cap Rate: 6.00% / 6.27%
  • Current/Stabilized GRM: 9.77 / 9.10
LISTING BROKERS
Abe Eilian
Director
773.305.4882
Matt Feo
Director
224.305.4102