2650 W Touhy AVE Chicago, IL 60645

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,387 sqft

Price per Sqft $208

MLS Listing ID 12477775

Year Built 1969

Annual Tax Amount $13,781

Tax Year 2023

Lot Dimensions 5053

Property Sub-Type Multi Family 5+

Property Description

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.

Location

State IL

County Cook

Area Chi - West Ridge

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Adam Max of Compass

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106