1425 N Campbell Avenue Chicago, IL 60622 • Multi Unit - Multiple • New $1,925,000

Description

Welcome to 1425 N. Campbell Avenue (the Property), a six- unit multifamily investment opportunity located in Chicago's highly desirable East Humboldt Park neighborhood. Comprised of a red brick walkup and separate coach house, the Property offers investors a rare opportunity to acquire a recently renovated, turnkey asset with strong in-place cash flow and meaningful rental upside in one of Chicago's fastest- growing rental submarkets. The Property consists of three (3) 2 Bed / 2 Bath apartments within the front building and three (3) 1 Bed / 1 Bath apartments within the rear coach house. The unit mix provides an attractive combination of one-bedroom and two-bedroom floor plans that appeal to a broad tenant base, supporting strong occupancy and long-term rent growth. Both buildings underwent extensive gut renovations in 2021 and feature modern finishes and updated building systems, creating a low-maintenance investment opportunity with limited near- term capital expenditure requirements. Despite the recent renovations, the Property offers investors the opportunity to further increase rents to market levels. The combination of below-market rents, strong neighborhood fundamentals, and continued demand for renovated apartments in the area creates a compelling path for future NOI growth and value appreciation. Additionally, the Property benefits from separately metered utilities, minimizing landlord expense obligations and creating an efficient operational structure that enhances overall cash flow predictability. Ideally situated in East Humboldt Park, residents enjoy convenient access to some of Chicago's most vibrant dining, entertainment, and retail destinations throughout Wicker Park, Ukrainian Village, West Town, and Logan Square. The Property also benefits from exceptional connectivity to public transportation and major thoroughfares. The CTA Blue Line at the Damen Station is located approximately 0.8 miles from the Property, providing direct access to Downtown Chicago, O'Hare International Airport, and the northwest side. Nearby CTA bus routes along Western Avenue, North Avenue, and Damen Avenue further enhance accessibility throughout the city. With its desirable unit mix, extensive 2021 renovations, operational efficiency, rental upside, and premier East Humboldt Park location, 1425 N. Campbell Avenue represents an exceptional opportunity to acquire a stabilized, cash-flowing multifamily asset with significant long-term appreciation potential in one of Chicago's most dynamic and evolving neighborhoods.

Property Highlights