Multifamily Housing - For Sale
4635 North Winthrop Avenue Chicago, IL 60640
Details & Description
Price: $1,395,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 6,000
  • Building Price per Sq Ft $232.50
  • Land Price per Sq Ft $232.50
Essex Realty Group, Inc. has been exclusively engaged to market for sale 4635-4637 N. Winthrop Ave. ("the Property"), a center entrance six-flat located in Chicago's vibrant Uptown neighborhood. The Property is conveniently located 0.12 miles north of the newly updated Wilson CTA Red Line station, 0.18 miles south of the Lawrence CTA Red & Purple Line Station, and 0.68 miles west of Lake Michigan.4635-4637 N. Winthrop Ave. is comprised of six (6) 2Bd/1Ba units, a 5-car parking pad, updated 200-amp electric service, a Kewanee boiler, copper plumbing, a new tear-off roof, and coin-operated laundry. The building also boasts newly decorated hallways and an updated front vestibule. All units feature hardwood floors, vintage details, and varying levels of kitchen and bath finishes.The Property presents investors with multiple value-add strategies. Of the six units, three were updated between 2020-2021 with high-end stainless steel appliances, white shaker-style cabinetry, quartz countertops, modern bathroom vanities, and new drywall. These units are rented between $1,600-$1,775/month. Units 1S and 3N were updated over 10 years ago and are rented between $1,400-$1,650/month. Unit 3S has carpet flooring, vintage finishes throughout, and is leased for $1,100/month on a month-to-month lease. A new owner has a proven strategy for renovating these remaining two units and raising rents to capture significant rental upside. There is also potential for an investor to duplex-down or add accessory dwelling units (ADU) in the basement per the recently approved ADU Ordinance.
Listing Agents
Jim Darrow

O: 773-305-4920
jimdarrow@essexrealtygroup.com
Jordan Gottlieb
Essex Realty Group
O: 773-305-4922
jordangottlieb@essexrealtygroup.com
Jamie Steinher
Essex Realty Group
O: 773-305-4916
jaimiesteinher@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.

4635 North Winthrop Avenue

Chicago, IL 60640

Listing ID: 236215
$1,395,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 6,000
  • Building Price per Sq Ft $232.50
  • Land Price per Sq Ft $232.50
4635 North Winthrop Avenue Chicago, IL 60640 | for Sale | Photo 1
Description

Essex Realty Group, Inc. has been exclusively engaged to market for sale 4635-4637 N. Winthrop Ave. ("the Property"), a center entrance six-flat located in Chicago's vibrant Uptown neighborhood. The Property is conveniently located 0.12 miles north of the newly updated Wilson CTA Red Line station, 0.18 miles south of the Lawrence CTA Red & Purple Line Station, and 0.68 miles west of Lake Michigan.

4635-4637 N. Winthrop Ave. is comprised of six (6) 2Bd/1Ba units, a 5-car parking pad, updated 200-amp electric service, a Kewanee boiler, copper plumbing, a new tear-off roof, and coin-operated laundry. The building also boasts newly decorated hallways and an updated front vestibule. All units feature hardwood floors, vintage details, and varying levels of kitchen and bath finishes.

The Property presents investors with multiple value-add strategies. Of the six units, three were updated between 2020-2021 with high-end stainless steel appliances, white shaker-style cabinetry, quartz countertops, modern bathroom vanities, and new drywall. These units are rented between $1,600-$1,775/month. Units 1S and 3N were updated over 10 years ago and are rented between $1,400-$1,650/month. Unit 3S has carpet flooring, vintage finishes throughout, and is leased for $1,100/month on a month-to-month lease. A new owner has a proven strategy for renovating these remaining two units and raising rents to capture significant rental upside. There is also potential for an investor to duplex-down or add accessory dwelling units (ADU) in the basement per the recently approved ADU Ordinance.

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 4635 North Winthrop Avenue Chicago, IL 60640

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 Population76,276476,980968,875
Population Median Age403737
Population by Age0-9 Yrs5863 (7%)46059 (9%)100752 (10%)
10-19 Yrs3974 (5%)36395 (7%)80948 (8%)
20-29 Yrs16088 (21%)107840 (22%)205515 (21%)
30-39 Yrs17192 (22%)100814 (21%)201398 (20%)
40-49 Yrs10491 (13%)59932 (12%)121475 (12%)
50-59 Yrs8764 (11%)50538 (10%)101640 (10%)
60-69 Yrs6465 (8%)38916 (8%)82101 (8%)
70+ Yrs7439 (9%)36487 (7%)75046 (7%)
Median HH Income$58,423$71,895$75,572
Total Household Income< 24K9856 (24%)39972 (17%)72810 (16%)
25-49K7914 (19%)39843 (17%)73893 (17%)
50-74K6242 (15%)35552 (15%)66353 (15%)
75-99K4585 (11%)26139 (11%)51283 (11%)
100-199K8288 (20%)52731 (23%)105533 (24%)
200K+3268 (8%)28579 (12%)58589 (13%)
Highest Education LevelNo Diploma57962930767173
Diploma or GED81524157498775
Some College76344264689096
Assoc. Degree31271599232743
Bachelors Degree22040130653250990
Higher Degree1420892147174377
Total Housing Units43,592245,715473,958
--Owner-Occupied13,11287,882179,194
--Renter-Occupied27,041134,935249,268
Owner-Occupied Values< 100K77036757097
100-199K22441449424407
200-299K36611831535918
300-399K30661451032562
400-499K12091013923250
500K+21612674955960
Total Working Age Population67,785411,116822,132
In Work Force49,082305,626604,396
Not In Work Force18,703105,490217,736
Workforce Employed47,113293,031579,552
Workforce Unemployed1,92412,49224,634
Civlian Workforce49,037305,523604,185
Military Workforce45103211
Total Households40,153222,817428,462
Family Households13,32088,579189,531
Non-Family Households26,833134,238238,931
Married Couple10,05268,579143,106
Other Family3,26820,00046,424
Married w/Child3,24528,14358,328
Single Male w/Child3612,3295,436
Single Female w/Child1,2025,98614,958

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) 13
Chicago Midway International Airport (MDW) 13
General Mitchell International Airport (MKE) 69
Listing Agent
Listing Co-Agent
Jim Darrow - CRE Agent at Essex Realty Group

Jordan Gottlieb

Listing Co-Agent
Jim Darrow - CRE Agent at Essex Realty Group

Jamie Steinher

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