$1,300,000
6215 N Washtenaw Avenue
Chicago, IL, 60659
This 8-unit building, legal 6 units with 2 additional apartments in the basement, offers a fantastic value-add opportunity for savvy investors. Each of the upper 6 units features two bedrooms, a separate living room, a dining room, and a partly enclosed back porch, perfect for extra storage. The basement includes a 2-bedroom unit and a 1-bedroom unit, adding even more income potential. Separate central heating for each unit. Most tenants are long-term, offering stable occupancy. Low rents with significant upside potential. Month-to-month leases provide flexibility to adjust rents after updates. 6 parking spaces for tenant convenience. Newer porch. Sold as-is. While the building requires some work, the opportunity to increase rental income post-updates makes it an excellent investment. Located in the desirable West Ridge area, this property is ideal for investors looking to grow their portfolio with a high-potential asset. Don’t miss out on this incredible chance to unlock value and build equity!
Property Details
Price:
$1,300,000
MLS #:
MRD12223361
Status:
Active
Beds:
0
Baths:
0
Address:
6215 N Washtenaw Avenue
Type:
Commercial
Neighborhood:
CHI – West Ridge
City:
Chicago
Listed Date:
Jan 30, 2025
State:
IL
Finished Sq Ft:
7,191
Total Sq Ft:
7,191
ZIP:
60659
Lot Size:
6,187 sqft / 0.14 acres (approx)
Year Built:
1927
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick, Concrete
Financial
Tax Year
2023
Taxes
$16,048
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
- 5402 W MELROSE Street
Chicago, IL$1,668,000
0.00 miles away
- 1458 N Campbell Avenue
Chicago, IL$1,650,000
0.00 miles away
- 2723 N Halsted Street
Chicago, IL$1,650,000
0.00 miles away
- 3725 W Grand Avenue
Chicago, IL$1,650,000
0.00 miles away
- 2849 N Drake Avenue
Chicago, IL$1,650,000
0.00 miles away
- 5345 S University Avenue
Chicago, IL$1,606,000
0.00 miles away
Chicago, IL$1,600,000
0.00 miles away
- 2944 W Devon Avenue
Chicago, IL$1,600,000
0.00 miles away
- 6557 S Minerva Avenue
Chicago, IL$1,600,000
0.00 miles away
- 5441 N Lincoln Avenue
Chicago, IL$1,599,000
0.00 miles away
Courtesy of Guidance Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Chicago, IL. All rights reserved.
6215 N Washtenaw Avenue
Chicago, IL
LIGHTBOX-IMAGES