Sold
6331 N Wayne Avenue
Chicago IL, 60660
$2,765,000
Sold
Commercial
Built in 1927
Courtesy of Triton Realty Group LLC
No stone left unturned on this stunning renovation of a classic center entrance eight (8) unit apartment building. 6331-33 N. Wayne is a turnkey investment property located in the desirable Edgewater neighborhood and is essentially on-campus to Loyola University. This high-end renovation offers an incredible investment return and is priced to sell at over a 7% cap on actual rents. The building was gut renovated and completed in 2022. The building is now fully occupied with solid tenants paying over $21,000 per month in rent. These jumbo apartments cater to both the local Edgewater population and to the Loyola University student population. 6331-33 N. Wayne is comprised of seven (7) 3 bedroom 2 bathroom units, one (1) 3 bedroom 1 bathroom unit and four (4) garage spaces. All apartments feature oversized layouts with designer styled chef kitchens, bathrooms with high end finishes, master suites, abundant, private outdoor space, and modern floor plans. Unique designer touches also include built in breakfast nooks, streak free graphite appliances with beautiful Quartz counter tops and classy hardwood floors. All new electric service, plumbing, central HVAC systems, water main, flood control systems, and in-unit W/D in all units. There is a new exterior porch with large balconies offering residents a private and ample outdoor space. A new owner has the rare opportunity to acquire a stabilized multifamily asset with a nice cash-on-cash return upon acquisition.
11487324
MLSⓇ ID
August 8, 2022
Listed
March 28, 2024
Updated
Map
6331 N Wayne Avenue
Chicago IL, 60660
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Other Property Details
Area Name
CHI - Edgewater
Taxes
$19,507
Tax Frequency
Annually
Days on Market
11
Garage
No
View
No
County
Cook
Pool
No
Zoning
MULTI
Buyer Agency Compensation
2%-$350
Courtesy of Triton Realty Group LLC, Matthew Fritzshall,
Listing Contact: 312-788-9379
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Gillman Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 4:10 AM UTC, 3/28/2024