6430 N. Bell – West Ridge
Located at 6430 N. Bell Ave. in the West Ridge neighborhood on Chicago’s North Side, this transaction consists of seven vacant condo units in an eight-unit building (one unit sold previously). The unit mix includes five two-bedroom, two-bath units and two three-bedroom, two-bath units. Originally built in 1926, the building was converted to condominiums within the last five years. Parking is included behind the building. It sold for $625,000.
“This value-add opportunity allows the investor to quickly finish the substantial construction that has already been done,” said Bill Baumann, senior managing director of Kiser Group, who represented the seller in the sale. “Major building updates include new electric, plumbing and windows; and the units already have new kitchens and baths with new appliances, cabinets and granite countertops as well as hardwood flooring throughout.”