4256 N Sawyer Ave Immeuble residentiel 6 lots 1 038 360 € (173 060 €/Lot) Taux de capitalisation 5,54 % Chicago, IL 60618

Essex Realty Group, Inc. is exclusively engaged to market the sale of 4256 N. Sawyer Ave., a six-unit walk-up apartment building situated in a low-density pocket bordered by Ravenswood Manor, Irving Park, and Mayfair in Chicago’s desirable Albany Park neighborhood.
The property consists of three (3) one-bedroom, one-bath units and three (3) two bedroom, one-bath units. Inside, the apartments feature hardwood flooring, individual furnaces, separate hot water tanks, and moderately updated kitchens and bathrooms. Each unit offers spacious floor plans with separate dining rooms, enclosed front sunrooms, and rear porches. The building has been well-maintained over the years with several recent capital improvements, including roof resealing, tuck-pointing, new gutters, vinyl windows, and the addition of two new back porches in 2017.
Over the past 12 months, the current ownership has successfully increased revenue by nearly 15%. Despite the already strong rental income, the property presents an attractive opportunity for investors to add further value through continued interior upgrades. Renovating kitchens and bathrooms with contemporary finishes, adding in-unit laundry, and possibly incorporating an additional garden apartment would significantly enhance the building’s appeal and cash flow, positioning it as a premium rental property in a highly sought-after submarket.