6215 Washtenaw AveChicago, IL 60659

Property Details for 6215 Washtenaw Ave

Year built

1927

Lot size

0.14 AC

Property size (Sq ft)

7,191 SF

Property type

Commercial real estate

Description

This exceptional 8-unit multifamily property, situated on a 0.14-acre lot at 6215 N Washtenaw Avenue in Chicago's desirable West Ridge neighborhood, presents a compelling value-add investment opportunity. The building encompasses 7,191 square feet and features six legal two-bedroom units on the upper floors, each boasting a separate living room, dining room, and a partially enclosed back porch offering additional storage space. Adding to the income potential, the basement contains two additional apartments—one with two bedrooms and another with one bedroom. Each unit benefits from individual central heating. Currently, the building enjoys stable occupancy with most tenants holding long-term leases. However, the month-to-month lease agreements provide flexibility for adjusting rental rates following any planned renovations or upgrades. Six convenient parking spaces are available for tenants. Recent improvements include a newer porch. The property is being sold "as-is," acknowledging the need for some work, but offering significant potential for rental income increases post-renovation. The low current rents present a substantial opportunity to enhance profitability. This property is ideally suited for investors seeking to expand their portfolio with a high-return asset in a sought-after location. The combination of stable occupancy, significant upside potential, and the desirable West Ridge location makes this a truly remarkable investment prospect.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9945

Longitude

-87.6967

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].