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Listed by Tyler Weekes • Star Realty & Management
$ 4,300,000
Est. payment /mo
Price Dropped by $100K
3060 W Armitage Avenue Chicago, IL 60647
16,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 16,800 sqft
Price per Sqft $255
MLS Listing ID 12355322
Year Built 2012
Annual Tax Amount $41,018
Tax Year 2023
Lot Dimensions 48X125
Property Sub-Type Multi Family 5+
Property Description
Beautifully maintained and built in 2012, this all-brick 13-unit mixed-use building is ideally situated in the heart of Chicago's vibrant Logan Square neighborhood-just steps from shops, restaurants, and parks. The property includes 12 residential units and 1 street-level retail space, offering a strong and stable income stream with value-add potential. The residential unit mix consists of:6:2 bed /2 bath units, 3:2 bed / 1 bath units, 3:1 bed / 1 bath units. Each apartment features high-end finishes such as granite countertops, maple cabinetry, stainless steel appliances, and private balconies. The building also includes a mix of heated garage and outdoor parking, additional storage, and a dedicated bike room. Currently fully occupied, many of the units are leased to long-term tenants at below-market rents, offering immediate upside through rental increases and selective unit upgrades. There's also potential to add rooftop decks with stunning views of the downtown Chicago skyline. Whether you're seeking a turnkey investment or a value-add opportunity, this well-located asset offers both solid current income and future growth potential.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
View Y/N true
Roof Type Membrane
Building
Foundation Block, Concrete Perimeter
Structure Type Block,Brick
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