For Sale
$3,350,000

3645 Wilton Ave Chicago, IL 60613

Historic Chicago multifamily, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional six-unit apartment building, located at 3645 N Wilton Ave in Chicago's desirable Wrigleyville neighborhood (zip code 60613), presents a compelling investment opportunity. Built in 1894 and fully renovated in 2008, this three-story Class A property boasts a strong financial performance, with a Net Operating Income (NOI) of $234,126 and a 6.99% capitalization rate. The asking price is $3,350,000, translating to $558,333.33 per unit. The building comprises six units: two three-bedroom, three-bathroom duplex downs and four three-bedroom, two-bathroom simplexes. Each unit features modern kitchens and baths, hardwood floors, in-unit laundry, and private outdoor space. Six assigned parking spaces are included. Recent capital improvements include a new roof, extensive tuckpointing, updated porches, and updated windows, plumbing, and electrical systems. The property sits on a 50x121 foot lot and totals 9200 square feet. Its RM-5 zoning allows for a variety of uses. The building's prime location offers easy access to Lake Michigan, restaurants, grocery stores, public transportation, and Wrigley Field. This meticulously maintained property is ideal for an investor seeking strong returns and a desirable location. The building's history, combined with its modern amenities and high demand location, makes it a truly unique investment opportunity.

Highlights

  • Six-unit apartment building in Wrigleyville, Chicago (60613) for sale at $3,350,000.
  • $234,126 Net Operating Income (NOI) and 6.99% capitalization rate.
  • Monthly income of $24,750.
  • Building features six units (two 3-bed/3-bath duplex downs, four 3-bed/2-bath simplexes), each with modern kitchens and baths, hardwood floors, in-unit laundry, and private outdoor space. Six assigned parking spaces.
  • 9,200 square foot building on a 50x121 foot lot. Built in 1894, fully renovated in 2008.
  • RM-5 zoning. Recent capital improvements include a new roof, tuckpointing, updated porches, windows, plumbing, and electrical.

Property Details for 3645 Wilton Ave

Property type
Apartment buildings
Class
A
Year Built/Renovated
1894/2008
Stories
3
Units
6

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9486231
Longitude
-87.6528662

FAQs

What type of property is this?
Apartment building - Historic Chicago multifamily, high NOI.
Where is the apartment building located?
The property is located at 3645 Wilton Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Six-unit apartment building in Wrigleyville, Chicago (60613) for sale at $3,350,000.; $234,126 Net Operating Income (NOI) and 6.99% capitalization rate.; Monthly income of $24,750.
How can I contact the broker?
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3645 Wilton Ave
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