- Status Contingent
- Price $2,500,000
- Bed Not provided
- Bath Not provided
- Location Edgewater
Fully renovated in 2023, this is a stabilized investment with all new plumbing, electric, roof, high end condo-quality finishes, and an attractive mix of four (4) 2-bed / 2-bath and (2) 3-bed / 2-bath units. Each apartment features in-unit laundry, individual HVAC, and condo quality interiors designed to capture strong tenant demand and support continued rent growth. In addition to its stable in-place income, the property offers a compelling value-add component through the potential addition of a 3-bedroom, 2-bath ADU garden unit in the basement, supported by previously completed plans and approvals for permit. The offering highlights the strength of this dual-faceted investment: a secure 5.79 cap rate in its current condition, with a projected leap to a 7.42 cap rate upon completion of the ADU. Combined with eight (8) on-site parking spaces-three (3) garages and five (5) surface spots-this property offers a rare blend of immediate stability and executable appreciation. Strategically located near Loyola University and the Red Line, the asset is perfectly positioned to capture top-of-market rents in a high-growth North Side corridor.
General Info
- Price $2,500,000
- Bed Not provided
- Bath Not provided
- Taxes $25,598
- Market Time 15 days
- Year Built 1919
- Square Feet Not provided
- Assessments Not provided
- Assessments Include None
- Listed by: Triton Realty Group LLC Phone: 312.788.9379
- Source MRED as distributed by MLS GRID
Rooms
- Total Rooms
- Bedrooms Not provided
- Bathrooms Not provided
Features
- Heat Central Heat/Indiv Controls, Forced Air
- Air Conditioning Central Individual
- Appliances Not provided
- Parking Not provided
- Age Older
- Exterior Brick
Based on information submitted to the MLS GRID as of 5/23/2026 3:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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