6341 North Wayne Avenue

Chicago, IL 60660

$2,580,000
Last Sold Price
21
Beds
14
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

No stone left unturned on this stunning classic center entrance. 6341-43 N. Wayne is a legal seven (7) unit apartment building in the desirable Edgewater neighborhood. This high-end renovation offers a new owner an incredible stabilized return and is priced to sell at over a 7.0% cap rate. Renovated in 2022-23, all apartments feature oversized layouts with designerstyled chef kitchens, bathrooms with high end finishes, master suites, private outdoor space, and modern floor plans. Unique designer...No stone left unturned on this stunning classic center entrance. 6341-43 N. Wayne is a legal seven (7) unit apartment building in the desirable Edgewater neighborhood. This high-end renovation offers a new owner an incredible stabilized return and is priced to sell at over a 7.0% cap rate. Renovated in 2022-23, all apartments feature oversized layouts with designerstyled chef kitchens, bathrooms with high end finishes, master suites, private outdoor space, and modern floor plans. Unique designer touches also include streak free graphite applianceswith beautiful Quartz counter tops and classy hardwood floors. In addition to its cosmetic updates, ownership has added new electric service, plumbing, central HVAC systems, new watermain, flood control systems, and in-unit W/D in all units. There is also a new exterior porch with large balconies offering residents a private and ample outdoor space. Both the LoyolaUniversity student population and Edgewater residents are attracted to these apartments opening two renter pools. 6341-43 N. Wayne presents a buyer the rare opportunity to acquirestabilized asset in an excellent location providing a solid cash-on-cash return for many years to come.
  1. Listed by Matthew Fritzshall • Triton Realty Group LLC
  2. Listed by Matthew Buckingham • Triton Realty Group LLC

Sold By Citywide Real Estate

Property Details for 6341 North Wayne Avenue

Area
CHI - Edgewater
Num Of Parking Spaces
5.0

Location

Add your commute
LISTING UPDATED: 10/19/2023 10:47 AM

Property Details for 6341 North Wayne Avenue

StatusClosed
MLS #11811805
Days on Market119
Taxes$18,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1917
Lot Size0.14 AC / 6,250 SF
CountyCook County

Location

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Building Information for 6341 North Wayne Avenue

Stories-Residences7Year Built1917Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$15,622 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,080

Property Taxes

$1,542

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6341 North Wayne Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: Show-Call Listing Office,Show-Key in Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 14.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Flats
  • Lot Dimensions: 50X125
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-06-16T22:17:31
  • Photos Count: 28
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $600.00
  • Gross Income: $247,980.00
  • Gross Scheduled Income: $259,740.00
  • Insurance Expense: $6,500.00
  • Maintenance Expense: $3,500.00
  • Janitor Expense: 12338
  • Other Expense Source: Owner Projection
  • Total Monthly Income: 20665
  • Net Operating Income: $193,465.00
  • Operating Expense: $53,288.00
  • Other Expense: $.00
  • Trash Expense: $2,400.00
  • Water Sewer Expense: $3,500.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 6341 North Wayne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6341 North Wayne Avenue

Taxable ValueLand$48,000Additions$44,000Total$92,000
Tax Record2022$18,923 ($1,577 / month)
Home Facts
Baths6Total Finished SqFt8,730 SqFtAbove Grade Finished SqFt8,730 SqFtStories3Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1917CountyCOOKAPN14-05-105-003

Schools near 6341 North Wayne Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 6 to 12
Charter - PK to 8
Rating
School
Distance
Hayt Elementary School
PublicPK to 8

Senn High School
Public9 to 12

Chicago Math & Sci Elementary Charter
Charter6 to 12

Passages Elementary Charter School
CharterPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triton Realty Group LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/19/2023 10:47 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.