For Sale
$1,048,000

4219 Francisco Ave Chicago, IL 60618

Chicago Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional three-unit apartment building, located at 4219 N Francisco Ave in Chicago's desirable Horner Park neighborhood (zip code 60618), presents a compelling investment opportunity. The property, built in 1943 and extensively renovated in 2016, boasts a total of 4,470 square feet across three stories, situated on a 3,125 square foot lot. The building features three spacious units: a first-floor duplex with three bedrooms and two and a half bathrooms, and two upper-floor units, each offering three bedrooms and one bathroom. All units are equipped with modern amenities including hardwood floors, quartz countertops, decorative fireplaces, separate HVAC systems, and in-unit laundry. The property also includes a two-car garage and a pleasant backyard. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $69,588, resulting in a 6.64% capitalization rate. The asking price is $1,048,000. The property is zoned RS-3 and features charming historic architecture seamlessly blended with contemporary interior finishes. Its prime location offers easy access to parks, schools, restaurants, and the Francisco Brown Line El station, making it an ideal investment for both seasoned investors and owner-occupants seeking a turnkey, cash-flowing property in a thriving Chicago neighborhood. The Cook County APN is 13133140130000.

Highlights

  • Three-unit apartment building, fully renovated in 2016, offering 4,470 sq ft on a 3,125 sq ft lot in Chicago's Horner Park neighborhood (60618).
  • 100% occupancy generating a $69,588 NOI and a 6.64% cap rate. Asking price: $1,048,000.
  • Features three spacious units: one 3-bed/2.5-bath duplex and two 3-bed/1-bath units, all with hardwood floors, quartz countertops, in-unit laundry, and separate HVAC.
  • Includes a two-car garage and backyard. Prime location near parks, schools, restaurants, and public transportation (Francisco Brown Line El).
  • Zoned RS-3, Cook County APN 13133140130000.

Property Details for 4219 Francisco Ave

Property type
Apartment buildings
Square Feet
4,470 SF
Class
A
Year Built/Renovated
1943/2016
Buildings
1
Stories
3
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.958180590145
Longitude
-87.700818785017

FAQs

What type of property is this?
Apartment building - Chicago Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 4219 Francisco Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,048,000.
What are key features of this property?
This property features: Three-unit apartment building, fully renovated in 2016, offering 4,470 sq ft on a 3,125 sq ft lot in Chicago's Horner Park neighborhood (60618).; 100% occupancy generating a $69,588 NOI and a 6.64% cap rate. Asking price: $1,048,000.; Features three spacious units: one 3-bed/2.5-bath duplex and two 3-bed/1-bath units, all with hardwood floors, quartz countertops, in-unit laundry, and separate HVAC.
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4219 Francisco Ave
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