Chicago, IL 60647,3060 W Armitage AVE
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Chicago, IL 60647,3060 W Armitage AVE
Chicago, IL 60647,3060 W Armitage AVE
Chicago, IL 60647,3060 W Armitage AVE
Chicago, IL 60647,3060 W Armitage AVE

$4,030,000

Est. payment /mo

$4,300,000

6.3%
Est.Price: ?

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3060 W Armitage AVE Chicago, IL 60647

16,800 SqFt

SOLD DATE : 12/03/2025

Key Details

Sold Price $4,030,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 16,800 sqft

Price per Sqft $239

MLS Listing ID 12355322

Sold Date 12/03/25

Maintenance Fees $7,200

Year Built 2012

Annual Tax Amount $41,018

Tax Year 2023

Lot Dimensions 48X125

Property Sub-Type Multi Family 5+

Property Description

Beautifully maintained and built in 2012, this all-brick 13-unit mixed-use building is ideally situated in the heart of Chicago's vibrant Logan Square neighborhood-just steps from shops, restaurants, and parks. The property includes 12 residential units and 1 street-level retail space, offering a strong and stable income stream with value-add potential. The residential unit mix consists of:6:2 bed /2 bath units, 3:2 bed / 1 bath units, 3:1 bed / 1 bath units. Each apartment features high-end finishes such as granite countertops, maple cabinetry, stainless steel appliances, and private balconies. The building also includes a mix of heated garage and outdoor parking, additional storage, and a dedicated bike room. Currently fully occupied, many of the units are leased to long-term tenants at below-market rents, offering immediate upside through rental increases and selective unit upgrades. There's also potential to add rooftop decks with stunning views of the downtown Chicago skyline. Whether you're seeking a turnkey investment or a value-add opportunity, this well-located asset offers both solid current income and future growth potential.

Location

State IL

County Cook

Area Chi - Logan Square

Zoning MULTI

Interior

Cooling Central Air, Central Individual

Fireplace N

Exterior

Roof Type Membrane

Building

Structure Type Block,Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Tyler Weekes of  Star Realty & Management 
Bought with Stephen Rachman of Marcus & Millichap Chicago Apartment Brokers
Carly Jones

Carly Jones

Founding Real Estate Advisor

+1(312) 391-3170

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