4824 W. Addison St
Chicago, IL 60641
$4,500,000
Price
Sq. Ft.
Share

Request the 4824 W. Addison St. Chicago IL 60641 Offering Memorandum:

By submitting the form, you agree to our terms and will gain access to the Offering Memorandum.

Executive Summary

CRER has been exclusively retained to offer for sale this 32-unit apartment building located in the desirable Portage Park neighborhood of Chicago. This courtyard building, constructed in 1928, offers a unique opportunity to step into a stabilized asset with its mix of 19 one-bedroom and 13 studio units.

With a recent rehabilitation and 100% occupancy, this property boasts a strong potential for investors. Additional benefits include a submitted application for the Affordable Housing Special Assessment Program (AHSAP), which could reduce property taxes by 25% or 35%, and a recently implemented Ratio Utility Billing System (RUBS) to divide utility costs among tenants.

Property Location

Chicago » 60641 » 4824 W. Addison St

Property Details

Status Active
Listing Type For Sale
Property Type Multifamily
Price $4,500,000
Residential Unit Mix 32

Broker Contact

Tim Keenan

Timothy Keenan

Mobile: (773) 983-0741

Office: (773) 327-9300

Email: TimK@crer.com

vCard: Download

Chicago Property Management Services

CRER Is Expanding Its Property Management Portfolio

At CRER, we pride ourselves on being more than just a Property Management Company. We are partners in your success.
Our commitment is to safeguard your property's value and maximize its income potential. From our Lease Management to Advanced Tenant Screening, we ensure every detail is managed with precision.

Learn More Request a Quote

CRER Client

★ ★ ★ ★ ★


"As a property owner who has worked with CRER, I've found their approach to multi-family property management both professional and effective, particularly in their responsiveness to maintenance issues and their skill in balancing the needs of owners and tenants."



Local Expertise | National Reach
Learn More