ON MARKET – MULTI-FAMILY
933 W. Agatite Ave. Chicago, IL 60640
NEIGHBORHOOD
Uptown
PRICE
$1,750,000
NUMBER OF UNITS
6
CAP RATE
5.92%
PROPERTY LISTED

Essex Realty Group, Inc. is pleased to present 933 W. Agatite Ave., a six-unit apartment building located in the Uptown neighborhood of Chicago. This completely renovated property sits on a phenomenal tree-lined street in a highly desirable pocket of Uptown.

The building's unit mix comprises four two-bedroom/one-bath and two three-bedroom/two-bath (duplex) layouts. The apartments were all completely renovated and feature hardwood flooring throughout, accompanied by various kitchen designs with modern bathrooms. In addition, all the units have individual balconies, including a massive community patio.

Notable replaced improvements to the building include copper plumbing, individual electric panels, aluminum windows, rubber roof (tear-off), separate laundry (in-unit), HVAC furnaces, and hot water tanks.

An investor or owner user has an opportunity to purchase an attractive 6-unit property that has been completely updated and requires minimal upkeep. 933 W. Agatite is a perfect turnkey asset for an investor that can significantly raise the rents to market and continue to generate passive income.

LOCATION DETAILS

Located on the shores of Lake Michigan, Uptown was originally developed as an affluent resort area that served as a tranquil oasis away from the hectic city life. It was a popular destination for movie stars of Chicago’s silent film era which is evidenced by the numerous destinations for music and the arts. Landmarks like the Aragon Ballroom, Riviera Theater, Uptown Theater, and Green Mill Jazz Club hold deep historic, architectural, and cultural significance and are still frequented today.

Situated roughly six miles North of Chicago's Central Business District, Uptown offers residents a charming community of tree-lined streets while still being within close proximity to downtown Chicago. Uptown is located just North of Lakeview and East of Ravenswood allowing residents to enjoy the great qualities these neighborhoods have to offer. Uptown is mostly residential containing six-flats, single-family homes, and courtyard apartment buildings. The nearby Montrose harbor and Montrose beach make lake and park access easy for residents.

HIGHLIGHTS
  • Prime Location in Uptown
  • Building Has Been Completely Renovated
  • 6-Unit Walkup Building
  • Enormous Two & Three-Bedroom (Duplex) Layouts
  • All Apartment Have Individual Balconies
  • Massive Communal Patio
  • Six Parking Spaces
  • Current Rents Are Significantly Below Market
LISTING BROKER
Steven Livaditis
Principal
773.305.4840