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HUMBOLDT PARK MULTI-FAMILY INVESTMENT OPPORTUNITY

3129-31 W. Augusta Blvd. Chicago, IL 60622

$2,600,000

Property Description

Introducing 3129-31 W. Augusta Blvd., a rarely available, 13-unit multi-family property directly facing picturesque Humboldt Park. Professionally managed this stabilized investment property offers great in- place cash flow and future upside.


The building has an excellent unit mix of seven (7) 1-bed & 1-bath apartments, six (6) 2-bed & 1-bath apartments, and one (1) non-conforming, 2-bed & 2-bath garden apartment. All units have been meticulously renovated, featuring updated kitchens and bathrooms complete with

granite counter-tops and stainless steel appliances. In addition to its cosmetic finishes, the building received numerous capital improvements including: tenant paid heat and electric, a new roof, plumbing, windows, coin laundry room, and a new porch system.


3129-31 W. Augusta Blvd. presents an opportunity to acquire a renovated asset with great in-place cash flow in a premier Humboldt Park location. An investor can unlock greater returns by gradually increasing rents to higher market levels over time, providing a solid cash-on-

cash return for years to come.

Contact Agent

Matthew Fritzshall

(847) 778-8746

Property Details

Property Type

Multifamily

Year Built

Year Renovated

2017-18

Current Cap-Rate

5.84%

Pro Forma Cap-Rate

6.96%

Property Highlights

  • Phenomenal Location Overlooking Historic Humboldt Park

  • Current Cap Rate of 5.84% with Upside

  • Excellent Unit Mix with Spacious Floorplans.

  • Renovated Asset with Updated Electric, Plumbing,

  • Windows, Roof & Individual Furnaces.

  • Five (5) Parking Spaces in the Rear.

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