6215 N Washtenaw Avenue
Chicago, IL, 60659
$1,300,000
Beds
0 Baths
7,191 SqFt
0.14 Acres
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$1,300,000
6215 N Washtenaw Avenue
Chicago, IL, 60659
MLS #MRD12223361 img 0MLS #MRD12223361 img 1
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

Net Operating Income
$85,232
Tax Year
2023
Taxes
$16,048
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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6215 N Washtenaw Avenue
Chicago, IL