2650 West Touhy Avenue, Chicago, IL

$1,125,000

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About 2650 West Touhy Avenue

Prime West Ridge 6-unit apartment building held under the same ownership for 27+ years. Unit mix includes two (2) 1BD/1BA and four (4) 2BD/1BA apartments, all with hardwood flooring and standard finishes. Property improvements include separately metered electric with 200-AMP service, tenant-paid heat via individual boilers and furnaces, Bock hot water heater (2019), vinyl windows, new coin laundry machines (washer 2022, dryer 2021), tuckpointing (2024), new gutters (2022, under warranty), chimney (2022), and front door awning (2021). Additional features include five (5) tandem parking spaces and private storage lockers for each unit. Rents are severely below market, presenting a clear value-add opportunity through unit renovations, parking income, and rental increases. Excellent opportunity for investors seeking long-term upside in a strong, growing neighborhood.

Features of 2650 West Touhy Avenue

MLS® # 12477775
Price $1,125,000
Bathrooms 0.00
Acres 0.00
Year Built 1969
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 2650 West Touhy Avenue
Area CHI - West Ridge
City Chicago
County Cook
State IL
Zip Code 60645

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Composition

Additional Information

Days on Market 23
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass
Contact Info773-598-7388

Listing Map

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