3060 W Armitage Avenue Chicago IL 60647 MLS #MRD12355322

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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.

Property Details

Price:
$4,300,000
MLS #:
MRD12355322
Status:
Pending
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
CHI – Logan Square
Listed Date:
May 7, 2025
Total Sq Ft:
16,800
Year Built:
2012
Chi – Logan SquareChi – Logan Square

Schools

Interior

Cooling
Central Air, Central Individual

Exterior

Construction Materials
Block, Brick
Roof
Membrane

Financial

Maintenance Fee
$7,200
Net Operating Income
$294,181
Tax Year
2023
Taxes
$41,018

Listing Agent & Office

Tyler Weekes
Star Realty & Management

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