4425 Archer AveChicago, IL 60632

Property Details for 4425 Archer Ave

Year built

1974

Lot size

0.14 AC

Property size (Sq ft)

2,700 SF

Property type

Office properties

APN

19-02-413-031-1003

APU

19024130311003

Description

This exceptional 10-unit apartment building, located at 4425 S. Archer Avenue in Chicago, Illinois, 60632, presents a compelling investment opportunity. Priced at $749,000, this mixed-use property offers significant potential for income generation. All ten units have undergone recent renovations, boasting modern amenities including new windows, updated tuckpointing, stylish wrought iron railings, and a brand-new roof. These improvements ensure both enhanced aesthetics and reduced maintenance costs for the new owner. The building's strategic location in a high-demand area provides easy access to public transportation, a wide array of shopping options, and diverse dining establishments, making it highly attractive to tenants. This property is classified as a multifamily apartment building within Cook County. The precise square footage is not currently available. This is an ideal acquisition for investors seeking a stable, income-producing asset in a thriving Chicago neighborhood. The property's recent upgrades and prime location combine to create a strong value proposition in the competitive Chicago real estate market. This turnkey investment requires minimal immediate capital expenditure, allowing for a swift return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $867,703

  6.5%

  $800,957

  7%

  $743,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,675

  Geo Method

  $351,675

• Alternative Use

  Use

  Valuation

  Residential

  $993,186

  Hospitality

  $909,753

  Educational

  $756,904

  Medical

  $782,935

  Retail

  $1,177,406

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8127

Longitude

-87.7061

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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