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1228 W Glenlake Ave
Chicago, IL 60660 Edgewater

Price Upon Request

Apartments For Sale  •  4,312 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,312 SF
  • Lot Size 0.11 AC
  • Year Built 1911
  • Zoning RS3
75 Transit Score
95 Walk Score

Highlights

Beautiful solid and extra-wide high-income rental property rents quickly and is fully leased into 2024
RS-3 Zoning. Oversized 37.5'x125' lot; $90,900 Gross Income; Approx $65k NOI; 5.83 CAP rate and a GRM of 12.10!!
The top-floor apartment is truly one-of-a-kind, featuring luxury finishes, lofted ceilings, exposed brick, custom cabinetry
Rents for these apartments are always above comparable rates in the area due to the exceptional quality the property offers.
Agent owned property since 1999 is nearing the end of the depreciation cycle and will sell into a 1031 exchange.

Financial Summary (Actual)

Net Operating Income: $64,149 USD (2022)
Total Expenses: $26,751 USD

Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Laundry Facilities
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Smoke Free
  • Ceiling Fans
  • Crown Molding
  • Eat-in Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Stainless Steel Appliances
  • Breakfast Nook
  • Built-In Bookshelves
  • Deck
  • Dining Room
  • Double Pane Windows
  • Intercom
  • Island Kitchen
  • Window Coverings

Public Transportation

Commuter RailDriveWalkDistance
Peterson/Ridge (Union Pacific North - Metra) 2 min 16 min 0.8 mi
Rogers Park Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 1.9 mi
Transit/SubwayDriveWalkDistance
Granville Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 5 min 0.3 mi
Thorndale Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 6 min 0.3 mi
Loyola Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 13 min 0.7 mi
Bryn Mawr Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 14 min 0.7 mi
AirportDriveWalkDistance
Chicago O'Hare International 26 min - 14.0 mi
Chicago Midway International 30 min - 20.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: No