2038 N Kostner Ave is a center-entrance, six-unit apartment building in Chicago's Hermosa neighborhood. The property sits on a double lot totaling 6,270 SF with a rear courtyard and a 4-car garage. The unit mix includes (1) 4-Bed/1-Bath, (3) 3-Bed/1-Bath, (1) 3-Bed/1-Bath garden, and (1) 2-Bed/1-Bath garden. The above-grade units averaging 1,398 SF and the garden units 900 SF. Systems include individual furnaces with window A/C, separate 100-amp electric panels, and separate hot water tanks per units. Tenants are responsible for their own heat and hot water costs. The property represents an opportunity for a new buyer to acquire a high-quality building in an appreciating neighborhood with strong cash flow in-place and future value-add upside. At list price, the building is offered at a 9.27x gross rent multiple or a 7.26% in-place cap rate without any renovation or capital investment. Future upside can be unlocked through the installation of in-unit laundry and central air conditioning at the property.

Based on information submitted to MRED as of July 21, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Property Details of 2038 North Kostner Avenue

Property Details

Basic Information

Building

Location

Exterior Features

Features

Other Details

Finance

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

4 Sale Realty Advantage LLC