Property Description
5342-46 N. Kedzie is a 12-unit multi-family asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s North Park neighborhood. The property features a desirable and efficient mix of ten 1-bedroom apartments and two studio units, appealing to the strong renter base within this university- and transit-oriented submarket. Built in 1965 with 7,800 rentable square feet, the exterior courtyard building includes a durable masonry exterior, building-owned common area laundry, and steel porches replaced around 2022. Ownership pays for heat, gas, and water, while tenants pay for electric, creating streamlined operations. Supported by 7 rear surface parking spaces and located near Northeastern Illinois University, North Park University, and major transit routes, the asset offers consistent rental demand with additional upside through interior modernization. B1-1 Zoning.
Price is Subject to Offer - visit our Listing Data Room via URL below to access property rent roll and financials. For any questions regarding the property or the Carlson Northwest Side Portfolio, contact the listing agent.
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Property Details
Property Type
Multi-family
Year Built
1965
Year Renovated
N/A (Steel Porches Replaced ~2022)
Current Cap-Rate
Pro Forma Cap-Rate
Property Highlights
Building-Owned Common Area Laundry
Steel Porches (Replaced ~2022)
7 Rear Surface Parking Spaces
Contact listing agent for more property highlights