Marcus & Millichap is pleased to present this six-unit apartment building located at 6157 West Montrose Avenue on the southeast corner of Montrose and Melvina Avenue in the Jefferson Park neighborhood of Chicago, Illinois. The property is located 11 miles from downtown Chicago’s loop, also is across the street from the Chicago Transit Authoritys (CTA) Montrose and Melvina bus 78 stop, two miles from the Blue Line Station at Montrose, and 2.3 miles west of the Kennedy Expressway. This property also sits right across the street from Smyser Elementary School, a level 1 performance rating Chicago Public Elementary School.
The subject property consists of one one-bedroom/one-bathroom, two two-bedroom/one-bathroom, and three three-bedroom/one-bathroom units. All units measure approximately 750-, 900-, and 1,050-square feet, respectively. This property has an income producing three-car garage and on-site laundry that is landlord owned. The building is heated by hot water baseboard heat, there is a newer 127 gallon hot water tank, and each unit has its individual circuit breaker. Tenants are responsible for cooking gas and electric.
An investor can take full advantage of this property by upgrading the units, increasing the property’s cash flow and rental revenue.