Property details
About 961 Chicago Ave
A exceedingly rare opportunity to own a 29 unit all brick multifamily investment property currently near 100% occupancy. Units are a mix of (13) one-bedroom apts, (15) two-bedroom apts, and (1) one-bedroom efficiency. Rates in the area and within this complex have steadily appreciated while maintaining low vacancy rates. Desirable area near EMU, JMU and many employers. Easy access to bus routes. Off-street parking is maintained for the benefit of the tenants. Listing Agent is a part owner of the subject property and is a Licensed Real Estate Broker in the Commonwealth of VA
Highlights
Summary
- Attached Garage: No
- Heating: Baseboard
- Cooling: Window Unit(s)
- List Price: $4,500,000
- Price/SqFt: $213
- Annual Tax Amount: $4,586
- Tax Year: 2021
- Directions: Chicago Ave
- Year Built: 1980
- Living Area: 21,044 SqFt
- Lot Size: 1.23 Acres
- MLS Number: 662827
- MLS Name: CharlottesvilleVA
- Office Name: Cottonwood Commercial LLC
- Office Phone: (540) 434-9922
- Office Email: rebecca.funkhouser@klinemay.com
- Listing Agent: Barry Suttles
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS®. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright © 2025 Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 2:45:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $509,600 | $4,586 |
| 2019 | $509,600 | $4,466 |
| 2018 | $509,600 | $4,415 |
| 2017 | $468,000 | $3,369 |
History based on county public records data.
Nearby schools
1
Waterman Elementary School
Public District KG-5
0.7 mi
•451 Chicago Ave
4
Spotswood Elementary School
Public District KG-5
1.8 mi
•400 Mountain View Dr
2
Keister Elementary School
Public District PK-5
1.9 mi
•100 Maryland Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $59,129. The most common annual income of people living in Harrisonburg, VA is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hiking/backpacking
Figure Skating
Horse Races
Where do the neighbors shop?
Nordstrom Rack
Chico's
Stein Mart
Where do the neighbors go to eat?
Chipotle
Bob Evans
LongHorn Steakhouse
What do the neighbors drive?
Mazda
Oldsmobile
Buick
What do the neighbors listen to?
Rock
News
Contemporary Inspirational
Frequently asked questions
About 961 Chicago Ave
The listing price of 961 Chicago Ave property is $4,500,000.
The property 961 Chicago Ave is a condo located in Harrisonburg, Virginia, 22801.
Active Listing: 961 Chicago Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 961 Chicago Ave are: Waterman Elementary School (GreatSchools Rating 1/10), Spotswood Elementary School (GreatSchools Rating 4/10), Keister Elementary School (GreatSchools Rating 2/10), Thomas Harrison Middle School (GreatSchools Rating 3/10), Skyline Middle School (GreatSchools Rating 2/10), Wilbur S. Pence Middle School (GreatSchools Rating 4/10), Harrisonburg High School (GreatSchools Rating 4/10), Turner Ashby High School (GreatSchools Rating 6/10), Spotswood High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2021 is $4,586 (source: MLS/based on county public records data).
The property at 961 Chicago Ave has 0 bathroom.
The property 961 Chicago Ave is 21,044 SqFt (source: MLS/tax record).
The year of construction for 961 Chicago Ave is 1980.
This home is located at 961 Chicago Ave in Harrisonburg, VA and zip code 22802. This 21,044 square foot home, which was built in 1980, sits on a 1.23 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 7, 2025 and is currently priced at $4,500,000.
In June 2025, from all listings sold in Harrisonburg, VA there were more than 22 sold above asking price, over 14 sold below and more than 9 were sold right at the asked price. The inventory of homes for sale in Harrisonburg, VA between May and June 2025 decreased by 0.7%. In June 2025 median list price was $349,000 and the average listing age was 17 days.