2643 N California Avenue Chicago, IL 60647 • Multi Unit - Multiple • Contingent $625,000

Description

Rare opportunity to acquire a classic Chicago four-flat on 3,150 square foot lot just one block from iconic Logan Boulevard. Offering approximately 3,475 square feet above grade plus a full unfinished basement, a detached two-car garage, and a fenced backyard, this is the type of property that rarely becomes available in one of Logan Square's most desirable locations. Built in 1897, the building features an ideal unit mix of two one-bedroom residences and two spacious two-bedroom-plus-den apartments. Generous room sizes, flexible floor plans, private rear decks, and original stained wood doors with period hardware showcase the timeless craftsmanship and architectural character that make Chicago's vintage buildings so enduring. The property currently generates $4,500 per month in rental income, with existing rents remaining well below prevailing Logan Square market rates. The full unfinished basement offers abundant storage and future potential, while the detached two-car garage and private backyard provide amenities that are increasingly difficult to find in the neighborhood. This is not a turnkey investment. The building has seen limited updates over the past several decades and is being sold as-is. Buyers should anticipate deferred maintenance, repairs, and modernization. The value lies in the fundamentals: oversized apartments, flexible layouts, original architectural details, outdoor space, garage parking, and an irreplaceable location. Located just steps from Logan Boulevard and surrounded by acclaimed restaurants, neighborhood cafes, parks, public transportation, and everything that has made Logan Square one of Chicago's most sought-after neighborhoods, 2643 N. California Avenue presents an exceptional opportunity to restore, reposition, and realize the full potential of a classic Chicago investment property. Within the boundaries of the 606 Ordinance.

Property Highlights