6341 N Wayne Avenue
Chicago, IL, 60660
$2,648,000
Beds
0 Baths
SqFt
0 Acres
$2,648,000
6341 N Wayne Avenue
Chicago, IL, 60660
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No stone left unturned on this stunning classic center entrance. 6341-43 N. Wayne is a legal seven (7) unit apartment building in the desirable Edgewater neighborhood. This high-end renovation offers a new owner an incredible stabilized return and is priced to sell at over a 7.0% cap rate. Renovated in 2022-23, all apartments feature oversized layouts with designerstyled chef kitchens, bathrooms with high end finishes, master suites, private outdoor space, and modern floor plans. Unique designer touches also include streak free graphite applianceswith beautiful Quartz counter tops and classy hardwood floors. In addition to its cosmetic updates, ownership has added new electric service, plumbing, central HVAC systems, new watermain, flood control systems, and in-unit W/D in all units. There is also a new exterior porch with large balconies offering residents a private and ample outdoor space. Both the LoyolaUniversity student population and Edgewater residents are attracted to these apartments opening two renter pools. 6341-43 N. Wayne presents a buyer the rare opportunity to acquirestabilized asset in an excellent location providing a solid cash-on-cash return for many years to come.

Property Details

Price:
$2,648,000
MLS #:
MRD11811805
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
6341 N Wayne Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Jun 19, 2023
State:
IL
ZIP:
60660
Subdivision:
Lot Size:
Year Built:
1917

Schools

Interior

Exterior

Construction Materials
Brick

Financial

Buyer Agent Compensation
2%Net Sale Price
Net Operating Income
$193,465
Tax Year
2021
Taxes
$18,500
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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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6341 N Wayne Avenue
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