South Wrigley 8 Unit Turnkey Multifamily Property
Built in 1979 with two new ADUs added in 2025, this stabilized, meticulously maintained 8 unit property in the desirable South Wrigley neighborhood offers a rare investment opportunity. The building features (4) updated 2 bedroom units (2) updated 1 bedroom units and (2) modern 2 bedroom ADUs, all in excellent condition.
The main buildings units have been fully renovated with new cabinetry, countertops, ceramic tile and laminate flooring, appliances, electrical, plumbing, finish carpentry, hardware, interior/exterior doors, windows, and fresh paint inside and out. The 2025 built all electric, separately metered ADUs include in unit laundry and dedicated split unit air conditioners for added tenant comfort. Six rear garages were converted into the ADUs, with (4) parking spaces retained behind the building. The property also boasts a 2024 installed roof, upgraded block wall/fencing, and a new parking gate, all completed with permits. The main building units are also separately metered for gas and electricity.
Priced attractively at a sub 10.5X GRM and a 6.2% cap rate, this turnkey property is located on a charming, tree lined residential street with head in parking. Its less than a mile from the 710 Freeway, under 2 miles from the 405, and just 2 miles north of the beach, offering unmatched convenience and appeal.