1054 S. Mason - Apartments FOR SALE


Chicago, IL 60644- Austin
$1,100,000 USD
773-293-5000
1054 S. Mason, Chicago, IL for Sale
$1,100,000 USD
Apartments - FOR SALE
1/5
null | 7% Cap Rate

1054 S. Mason
Chicago, IL 60644
Austin


HIGHLIGHTS

  • Two (2) 2Bd/1Ba, Four (4) 1Bd/1Ba, & Six (6) Studios
  • Individual Furnaces & Hot Water Tanks
  • New Porches, Copper Plumbing, & Updated Electric
  • Meticulously Maintained w/ Modern Kitchen & Baths

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 1054 S, Mason, a twelve (12) unit walkup located in Chicago’s West Side's most desirable pocket, "The Island". The property sits just a few blocks from Chicago's Blue Line "El" train station at Austin as well as Columbus Park, which features ball fields, a theater, a pool & golf course. 1054 S, Mason has a total unit composition of six (6) studios, four (4) 1Bd/1Ba, & two (2) 2Bd/1Ba units. Furthermore, the building boasts newer windows, individual furnaces, individual hot water heaters & storage tanks, new porches, copper plumbing, updated electric, and an abundance of masonry and tuckpointing work. 1054 S, Mason provides an investor with a unique opportunity to acquire a well maintained and stabilized asset in Chicago’s desirable pocket of The Island. From day one, a new owner will capitalize on an incredibly strong tenant base and through improved leasing, management, and raising rents to levels already being achieved in the area, an investor has the opportunity to achieve a cap rate of almost 10%.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$111 USD /SF

# OF UNITS

12

PRICE/UNIT

$91,667

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RS-3

APN/PARCEL ID

16-17-405-034-0000

ASK ABOUT THIS PROPERTY

Carson McDanielKiser GroupMore Info
773-293-5000

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Carson McDanielKiser GroupMore Info
773-293-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.