108 N Hamlin Blvd - Multi-Family FOR SALE


Chicago, IL 60624- East Garfield Park
$795,000 USD
312-961-1054
108 N Hamlin Blvd, Chicago, IL for Sale
$795,000 USD
Multi-Family - FOR SALE
1/23
null | 7.18% Cap Rate

108 N Hamlin Blvd
Chicago, IL 60624
East Garfield Park


HIGHLIGHTS

  • Views overlooking Garfield Park
  • 10-minute walk to the Garfield Park Conservatory and the CTA Green Line
  • Strong rental upside with 10% below market rents

OVERVIEW

108-10 N. Hamlin Ave., a 6-unit condominium deconversion in the West Garfield Park neighborhood. The building consists of (4) 2-Bedroom /1-bathroom units and (2) 3-Bedroom/2-Bathroom duplex units, each very well-maintained by their individual owners. The building was renovated back in 2005; the work included adding kitchen islands, in-unit washer and dryers, updating electrical, and adding copper pipes. Each unit has individual HVAC controls, separate water tanks, and additional storage rooms in the basement. With fantastic views directly overlooking Garfield Park, the neighborhood features classic Chicago architecture, local businesses, and access to green space through Garfield Park, home to the renowned Garfield Park Conservatory. Community organizations and local leaders continue to work toward revitalization and investment in the neighborhood's future.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

6

PRICE/UNIT

$132,500

CAP RATE

7.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,300 SF

ZONING

RM-6

APN/PARCEL ID

16-11-310-057-1001,16-11-310-057-1002,16-11-310-057-1003,16-11-310-057-1004,16-11-310-057-1005,16-11-310-057-1006

ASK ABOUT THIS PROPERTY

Michael MastersonEssex 312, LLCMore Info
312-961-1054

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Michael MastersonEssex 312, LLCMore Info
312-961-1054

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