Property Description
Triton presents the exclusive opportunity to acquire 2957 N. Avers, a 4-unit with one additional in-law suite. Renovated in 2019, the property features high-end kitchens with beautiful Calacatta quartz counter tops, 42" white shaker cabinets, stainless steel appliances, in-unit laundry, modern open layout floor plans, and large windows for lots of natural light throughout the apartments. 2957 N. Avers features an excellent unit mix with (1) Studio, (1) 1bd 1ba's, (2) 2bd 1ba's, and (1) 3bd 1ba. All units have central heat and air. This building is smart lock operated with keyless entry and separate smart lock storage areas for tenants. Two-car garage on the premises for extra income. Positioned on a 27x125 lot, the building generates over $112K in annual gross income with strong in-place rents. Tenants enjoy easy access to Kosciuszko Park, public transit (Blue Line CTA), and the Kennedy Expressway, making this a highly desirable and easy-to-rent location. Whether you're a seasoned investor or entering the multifamily market, 2957 N. Avers is a turnkey opportunity in on one of Chicago's thriving neighborhoods poised for continued growth.
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Property Details
Property Type
Multifamily
Year Built
1906
Year Renovated
2019
Current Cap-Rate
5.9%
Pro Forma Cap-Rate
Property Highlights
Turnkey 5-unit investment (4 units + in-law suite), fully renovated in 2019
Desirable unit mix: 1 studio, 1 one-bedroom, 2 two-bedrooms, and 1 three-bedroom
High-end finishes including Calacatta quartz countertops, 42″ white shaker cabinets, and stainless steel appliances
In-unit laundry, central heat and air, smart-lock keyless entry, and private tenant storage
Generates over $112,000 in annual gross income with strong in-place rents
Two-car garage provides additional rental income
Located on a 27x125 lot in Logan Square, a fast-growing Chicago neighborhood
Easy access to Kosciuszko Park, CTA Blue Line, and Kennedy Expressway