Multifamily Housing - For Sale
5638 North Kimball Avenue Chicago, IL 60659
Details & Description
Price: $2,150,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 13,000
  • Building Price per Sq Ft $165.38
  • Land Price per Sq Ft $165.38
Essex Realty Group, Inc. has been exclusively engaged to market for sale 5638-42 N. Kimball Ave., a 13-unit brick walk-up building located near the intersection of Kimball and Bryn Mawr Avenue in the North Park neighborhood of Chicago.The current unit mix consists of ten (10) 1 Bd/1 Ba and Three (3) 2 Bd/1 Ba apartments with separate formal dining rooms. Units feature hardwood floors, granite and laminate countertops, stainless steel and white appliances, and radiator heat. Additionally, the building has had extensive capital improvements that include a new roof, boiler, and windows.This is an excellent opportunity for an investor to acquire a well-maintained multi-family property with significant rental upside. The current rents are averaging approximately 16% below the market rate, allowing a new owner to capitalize on raising the rents and operating the property as-is. Furthermore, for a significant yield increase, all thirteen apartments feature large dining rooms that can be converted to additional bedrooms.
Listing Agents
Matt Feo

O: 224-305-4102
mattfeo@essexrealtygroup.com
Anthony Citriglia

O: 773-305-4844
anthony@essexrealtygroup.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

5638 North Kimball Avenue

Chicago, IL 60659

Listing ID: 236172
$2,150,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 13,000
  • Building Price per Sq Ft $165.38
  • Land Price per Sq Ft $165.38
5638 North Kimball Avenue Chicago, IL 60659 | for Sale | Photo 1
Description

Essex Realty Group, Inc. has been exclusively engaged to market for sale 5638-42 N. Kimball Ave., a 13-unit brick walk-up building located near the intersection of Kimball and Bryn Mawr Avenue in the North Park neighborhood of Chicago.

The current unit mix consists of ten (10) 1 Bd/1 Ba and Three (3) 2 Bd/1 Ba apartments with separate formal dining rooms. Units feature hardwood floors, granite and laminate countertops, stainless steel and white appliances, and radiator heat. Additionally, the building has had extensive capital improvements that include a new roof, boiler, and windows.

This is an excellent opportunity for an investor to acquire a well-maintained multi-family property with significant rental upside. The current rents are averaging approximately 16% below the market rate, allowing a new owner to capitalize on raising the rents and operating the property as-is. Furthermore, for a significant yield increase, all thirteen apartments feature large dining rooms that can be converted to additional bedrooms.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Chicago History of Multifamily Housing for Sale

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Chicago Area Market Trends

Listing Demographics for 5638 North Kimball Avenue Chicago, IL 60659

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population41,879427,7871,078,074
Population Median Age383738
Population by Age0-9 Yrs5885 (14%)53442 (12%)122552 (11%)
10-19 Yrs4973 (11%)43611 (10%)108155 (10%)
20-29 Yrs6249 (14%)65025 (15%)187235 (17%)
30-39 Yrs6346 (15%)78672 (18%)196720 (18%)
40-49 Yrs5238 (12%)60805 (14%)142146 (13%)
50-59 Yrs4548 (10%)51078 (11%)126850 (11%)
60-69 Yrs4110 (9%)40178 (9%)101985 (9%)
70+ Yrs4529 (10%)34976 (8%)92432 (8%)
Median HH Income$55,956$65,987$69,019
Total Household Income< 24K3015 (21%)29363 (17%)77600 (17%)
25-49K3252 (23%)34958 (21%)84342 (19%)
50-74K2100 (15%)26796 (16%)70687 (16%)
75-99K1537 (11%)19734 (11%)51504 (11%)
100-199K3098 (22%)38695 (23%)103608 (23%)
200K+787 (5%)15295 (9%)46139 (10%)
Highest Education LevelNo Diploma45784052892717
Diploma or GED590055557139474
Some College438345166112096
Assoc. Degree17581702242719
Bachelors Degree718888878230101
Higher Degree406657818154760
Total Housing Units15,085180,524477,626
--Owner-Occupied5,84875,889205,878
--Renter-Occupied7,93988,952228,002
Owner-Occupied Values< 100K41138548960
100-199K11371078331197
200-299K11681680552506
300-399K14821705145954
400-499K8021023024231
500K+8481716843030
Total Working Age Population33,172347,747892,790
In Work Force20,895242,745626,375
Not In Work Force12,278105,002266,416
Workforce Employed19,425230,677597,795
Workforce Unemployed1,45111,94828,280
Civlian Workforce20,876242,625626,075
Military Workforce19120299
Total Households13,788164,841433,881
Family Households9,20693,221226,835
Non-Family Households4,58171,620207,045
Married Couple6,38869,462168,283
Other Family2,81823,75958,552
Married w/Child2,89131,04971,616
Single Male w/Child3863,0286,815
Single Female w/Child8357,38518,484

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Chicago O'Hare International Airport (ORD) 10
Chicago Midway International Airport (MDW) 14
General Mitchell International Airport (MKE) 67
Listing Agent
Listing Co-Agent
Matt Feo - CRE Agent at

Anthony Citriglia

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