2432-2434 W Fargo & 7434-7438 N Artesian Ave

Highlights:

• Located in the vibrant Roger's Park neighborhood of Chicago
• Within walking distance to the Howard CTA Red Line Stop
• Stainless steel appliances and dishwashers in each unit
• Updated bathrooms
• Coin laundry facilities on-site
• Vinyl windows
• 2 garage parking spots available onsite
• Three-story building
• Renovated in the past five years
• Assumable Debt: $1,134,000; Rate: 5.65%; Maturity: 09/01/2028
• 42% down required to inherit assumable debt

Description:

33 Realty is pleased to present the opportunity to acquire this walk-up building at 2432-2434 W Fargo & 7434-7438 N Artesian Ave in Chicago's vibrant Roger's Park neighborhood. This 10,258 SF multi-family building, built in 1925, stands near the intersection of W Fargo Ave and N Artesian Ave. The property features a total of 12 units across three stories, offering a mix of 12 two-bedroom, one-bathroom apartments.

Each unit at 2432-2434 W Fargo & 7434-7438 N Artesian Ave boasts updated kitchens and bathrooms with granite counters, stainless steel appliances, and dishwashers. The convenience of coin laundry adds to the appeal for tenants. Additionally, the property includes vinyl windows and a 2-car garage.

This is an excellent opportunity in Rogers Park, situated in a mobility zone that enhances the potential for attracting higher rents. An investor could bring the rents to market without need for renovations. The property also offers assumable debt providing added financial flexibility to potential buyers.

2432-2434 W Fargo & 7434-7438 N Artesian Ave is located in the culturally rich Rogers Park neighborhood of Chicago, a vibrant enclave that showcases architectural gems and a thriving arts scene. Nestled along the lakefront, this community invites residents to explore its diverse culinary landscape, unique theaters, and abundant public art.

The property's strategic location near W Fargo Ave and N Artesian Ave offers convenient access to public transportation, including the nearby CTA Red Line stations, facilitating easy travel throughout Chicago.

With roots dating back to its incorporation in 1878, Rogers Park is one of Chicago’s oldest neighborhoods, yet it remains youthful and energetic. The area is renowned for its eclectic mix of shops, restaurants, bars, and cultural venues. You can travel the globe by just walking along Clark Street in Rogers Park. On Clark from Howard Street to Devon Avenue, you can find over forty ethnic, multicultural cuisines, from halal to kosher, from African to South American. This diversity is celebrated during the Taste of Clark Street festival in October. Tranquil residential streets with charming bungalows and stately homes blend seamlessly with bustling commercial corridors and green spaces. Rogers Park, in general, seems like a diverse melting pot. The sense of community and diversity permeates everyday life.