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Listed by Lukasz Wojcikof Triton Realty Group LLC
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Est. payment /mo
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12784713
Year Built 1963
Annual Tax Amount $12,048
Tax Year 2025
Lot Size 6,534 Sqft
Lot Dimensions 55X125
Property Sub-Type Multi Family 5+
Property Description
Nine-unit value-add opportunity on the corner of Addison and Narragansett, bordering Portage Park and Dunning. Built in 1965, the 2.5-story masonry brick building offers an all 1- and 2-bed mix: four (4) 1BD/1BA, two (2) 2BD/1BA, and three (3) garden 1BD/1BA units, plus six (6) rear surface parking spaces. All units are month-to-month or vacant, giving a new owner full control of the rent roll. Interiors are in clean vintage condition with hardwood floors and tile baths. Central boiler heat, window A/C, separately metered tenant-paid electric, and building-owned common laundry. Major capital work is done: full flat roof replacement with new drains (2020), permitted electrical upgrade with GFCI protection and lighting (2022), and new railings (2022). Located at the corner of Addison and Narragansett, the property is steps from CTA #152 Addison and #86 Narragansett bus service. Residents also have nearby access to Merrimac Park, Wright College, the Harlem Avenue retail corridor, and the Kennedy Expressway.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Wall Sleeve, Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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Greg Cirone
Managing Broker License ID: 471003959
Managing Broker License ID: 471003959