Nine-unit value-add opportunity on the corner of Addison and Narragansett, bordering Portage Park and Dunning. Built in 1965, the 2.5-story masonry brick building offers an all 1- and 2-bed mix: four (4) 1BD/1BA, two (2) 2BD/1BA, and three (3) garden 1BD/1BA units, plus six (6) rear surface parking spaces. All units are month-to-month or vacant, giving a new owner full control of the rent roll. Interiors are in clean vintage condition with hardwood floors and tile baths. Central boiler heat, window A/C, separately metered tenant-paid electric, and building-owned common laundry. Major capital work is done: full flat roof replacement with new drains (2020), permitted electrical upgrade with GFCI protection and lighting (2022), and new railings (2022). Located at the corner of Addison and Narragansett, the property is steps from CTA #152 Addison and #86 Narragansett bus service. Residents also have nearby access to Merrimac Park, Wright College, the Harlem Avenue retail corridor, and the Kennedy Expressway.
Dunning, located between Belmont Avenue and Irving Park Road, is a residential and industrial Chicago neighborhood with a bungalow-lined streetscape and a big-box retail corridor. The neighborhood’s energy concentrates around the Six Corners junction at Irving Park Road, Cicero Avenue, and Milwaukee Avenue, where storefront signage, traffic, and long-running eateries set a brisk, practical tone. Classic Chicago brick bungalows and two-flats dominate side streets, while wider arterials carry warehouses and auto-oriented services. The Brickyard Mall corridor frames daily errands with broad sidewalks and parking lots. Nearby green space and the Chicago River’s North Branch add a quieter edge to the grid.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
9 ranges
Laundry & utility
1 washer
1 dryer
Heating & cooling
Gas hot-water baseboard heating
Wall-sleeve and window-unit cooling
8 window air-conditioning units
Home design
Multifamily building with 9 units
Parking
6–12 outdoor parking spaces
Construction
Brick construction
Flat roof
Concrete perimeter foundation
Built before 1978
Utilities
Separate electric meters
Financial info
Total monthly income of $9,570
Gross income of $109,620
Gross rent multiplier of 10
Water and sewer expense of $5,532
Electric expense of $970
Trash expense of $1,548
Insurance expense of $4,287
Electricity and solar
View estimated energy costs and solar savings for this home
Rarely available building for sale in great location. 100% occupied with strong rental history. Long term owner with below market rents makes this a great value add opportunity. Large apartments include 7-1bdrms & 2-2bdrms, hardwood floors & eat-in kitchens. Tenants pay cooking gas & electric. 2 washers & 2 dryers in the laundry room. 7 car parking in back. Some updates over the last 10 years include updated units, hot water heater, roof, windows & some plumbing. Great asset to add to any investment portfolio.
Public Records
Nov 7, 1988
Sold
$375,000
Year
Property tax
Land + Additions
Assessment*
2023
$11,400 (+2.6%)
$23,048 + $34,953
$58,001
2022
$11,113 (+2.3%)
$18,438 + $35,562
$54,000
2021
$10,865 (+4.0%)
$18,438 + $35,562
$54,000
2020
$10,443 (+0.7%)
$8,231 + $38,618
$46,849
2019
$10,369 (−2.6%)
$8,231 + $45,619
$53,850
2018
$10,643 (−0.4%)
$8,231 + $45,619
$53,850
2017
$10,687 (+7.5%)
$7,243 + $42,376
$49,619
2016
$9,944 (+9.3%)
$7,243 + $42,376
$49,619
2015
$9,097 (−1.4%)
$7,243 + $42,376
$49,619
2014
$9,223 (+2.0%)
$6,585 + $43,091
$49,676
2013
$9,041 (+1.3%)
$6,585 + $43,091
$49,676
2012
$8,921 (+5.2%)
$6,585 + $43,091
$49,676
2011
$8,482 (−0.4%)
$9,219 + $43,083
$52,302
2010
$8,518 (+4.3%)
$9,219 + $43,083
$52,302
2009
$8,163 (−0.7%)
$9,219 + $43,083
$52,302
2008
$8,217 (+1.0%)
$9,904 + $47,329
$57,233
2007
$8,135
$9,904 + $47,329
$57,233
Public record
Public record
Zoning
Beds
6
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
6,585 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
4,703
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,703
Year built
1963
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
13203000340000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 15, 2026.
RT-4
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
5/10 Air Factor
6 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60634
Average low and high temperatures (°F)
30
17
38
23
54
35
61
43
68
50
81
64
85
69
81
66
78
61
68
50
51
39
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
This home ranks in the top 24% for direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 6361 W Addison St
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