Adam Saxon - Commercial Real Estate Showcase

Adam Saxon Property Listings
Interra Realty
640 N LaSalle St
Suite 200
Chicago, IL 60654

10921 - 10925 S Western Avenue

Chicago, IL 60643-3227 - Morgan Park MF Submarket

Property Type:Multi-Family Number of Units:20 Status:Existing Year Built:1955
Stories:3 Building Size:13,000 SF Land Area:.58 AC (25,204 SF)
For Sale Price:$1,500,000 Price/Unit:$75,000.00 Cap Rate:7.21 % GRM:-


Sale Notes:
10921-25 S. Western Ave. is a 21 unit mixed-used building in the Morgan Park neighborhood of Chicago. The unit mix is comprised of (19) 1Bdr/1Ba, (1) Studio and (1) retail space currently leased to Beverly Hills Dental. The 1Bdr/1Ba units are approximately 600 SF. Beverly Dental is on a 5 year lease which expires in December 2017.

Building renovations include: The windows and porches were replaced in 2006, the hot water heater was replaced in 2013, the right half of the roof was replaced in 2014, the left half of the roof is 15 years, electric was updated to in-unit circuit breakers in 2008 and the kitchens and baths (carpet to tile) were updated in 2011.

There are 15 parking spaces which are included in the rents. There is a storage room for the owner and a laundry area with 2 washers / 2 dryers which brings in additional income.

Interra Realty
Brad Feldman
(312) 477-0195

Adam Saxon
(312) 361-3140

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