2531-33 W Augusta Avenue, Chicago, IL 60622
2531-33 W Augusta Avenue, Chicago, IL 60622
2531-33 W Augusta Avenue, Chicago, IL 60622
2531-33 W Augusta Avenue, Chicago, IL 60622
2531-33 W Augusta Avenue, Chicago, IL 60622
2531-33 W Augusta Avenue, Chicago, IL 60622
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Listed by Karen Biazarof North Clybourn Group, Inc.
Bought with Cathy Deutsch of @properties Christie's International Real Estate

$2,150,000

$1,850,000

16.2%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 05/07/2026

Key Details

Sold Price $2,150,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12640268

Sold Date 05/07/26

Year Built 1893

Annual Tax Amount $24,395

Tax Year 2024

Lot Dimensions 52.44 x 124.71

Property Sub-Type Multi Family 5+

Property Description

Classic Masonry Tandem *6 Unit Workhorse on the confluence of Smith Park, West Ukrainian Village and East Humboldt Park burgeoning with independent and cultural boutiques/commerce and connected to multiple gateways of transit. Set in Iconic Chicago Streetscape, Handsome facade Meaningful Cap X Improvements, Professionally Managed. Diverse Floorplans, AAA Tenant base, Bespoke Units Feature Individual HVAC Combination of Central Air and Window A/C, Hardwood Floors, Porcelian Planked and LVT. Combination of Laundry in units and Owned Laundry on Site, Majority Updated Kitchens and Baths*1 unit non confirming with clear path of conformity via ADU. Some Meat on the Bone for Minor Value Add by Choice, not Necessity. Perfect for 1031 Trade, Smaller Investor looking to Move up in Asset Class or a No Brainer Add into Portfolio. Rent Roll/Lease Schedule, Fixed Operating Expenses, Heating Disclosures, Survey, Available Upon Request.121k/90k NOI. Also available neighboring 2531 can be purchased separately or packaged creating a creative campus. 27.40 x 124.71 Boutique residential development site with type 1 zoning change to RM5 includes approved plans ** for 3 Unit with duplex up and 3 car garage *Plans are not for permit. Current site has Coach house with attached garage, multiple paved parking with curb cut with income in excess is 30K annual with leases through end of August. Tenants at 2531 have been provided notice of non-renewal and will be cooperatively vacating. Perfect opportunity to collect income during permitting process and tee up for 2027 development.

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Central Air

Fireplace Y

Exterior

View Y/N true

Roof Type Rubber

Building

Foundation Concrete Perimeter

Water Municipal Water

Structure Type Brick

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