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3265 S Archer Ave

Block of Flats £1,138,237 Chicago, IL 60608

Investment Highlights

  • 8,150 SF building with 8 units
  • Multifamily investment opportunity | Low-rise/garden style for tenant appeal
  • Built in 1881, adding historic charm and zoned C1-2 for versatile use
  • 100% occupancy for immediate income
  • Potential for Additional Retail Unit
  • Prime location in Chicago

Executive Summary

This beautifully maintained and thoughtfully updated corner building in Chicago’s vibrant McKinley Park neighborhood offers a rare opportunity for investment or ownership. The property comprises two leased retail spaces and six updated apartments, including an expansive duplex loft that serves as an ideal owner’s unit. Sunlight fills each unit, enhancing the property’s welcoming ambiance and highlighting its high-quality finishes.
Situated on a spacious lot, the building includes a two-car garage with street access to Archer Avenue, presenting an opportunity for conversion to additional retail space or continued use for income-generating parking. A large driveway provides extra parking options, a valuable asset in this sought-after neighborhood.
Each apartment has been meticulously updated, with the owner’s unit standing out at approximately 3,000 square feet. This exclusive residence features three bathrooms, including a luxurious sauna, adding a unique touch of comfort and relaxation.
This property offers a versatile income-generating layout with strong potential for retail expansion, making it a premier investment in Chicago’s growing McKinley Park community.

Attachments

Sale OM

Property Facts

Price £1,138,237
Sale Type Investment
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.08 AC
Building Size 8,150 SF
Number of Floors 3
Year Built 1888

Unit Amenities

  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Smoke Detector
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-31-212-027-0000
Land Assessment
£11,615
Improvements Assessment
£45,080
Total Assessment
£56,695

zoning

Zoning Code C2-1, Chicago
C2-1, Chicago
  • Listing ID: 33975834

  • Date on Market: 22/11/2024

  • Last Updated:

  • Address: 3265 S Archer Ave, Chicago, IL 60608

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