Ted Stratman - Commercial Real Estate Showcase

Ted Stratman Property Listings
Managing Partner
Interra Realty
640 N LaSalle St
Suite 200
Chicago, IL 60654

7415 - 7423 S Kimbark Avenue

Chicago, IL 60619-1449 - Grand Crossing MF Submarket

Property Type:Multi-Family Number of Units:31 Status:Existing Year Built:1927
Stories:3 Building Size:18,630 SF Land Area:.26 AC (11,252 SF)
For Sale Price:$1,575,000 Price/Unit:$50,806.45 Cap Rate:9.20 % GRM:-


In 2009 the building underwent a gut-renovation which included:
- Electrical service to the building (1600 amps)
- Copper electrical wiring throughout and in-unit panels (100 amps)
- New steel porches (5)
- 100% New Plumbing
- Individual high efficiency furnaces
- Individual high efficiency hot water heaters
- New windows
- Replacement Lintels
- Tuckpointing
- 100% drywall with new trim, doors and flooring throughout
- New roof

Sale Notes:
Interra Realty LLC has been exclusively engaged to market 7415-23 S Kimbark Ave, a turnkey 31 unit apartment building in one of Chicago's most historic and desirable South Side neighborhoods. A new owner will benefit from the quality of the finishes, spacious floor plans, tenant paid utilities and overall condition of the property.
The subject property consists of 31 total units including six (6) studio apartments, nineteen (19) One Bedroom, One Bath units, and six (6) Two Bedroom, One Bath units. All units have undergone recent renovation including new kitchens and bathrooms, in unit hot water tanks and furnaces, and newer electric and plumbing. The property also includes new rear steel porches and newer windows.

All units are leased to market rate tenants.

Interra Realty
Jeremy Morton
(312) 724-7010

Ted Stratman
(312) 361-3133

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