HIGHLIGHTS
- [9] 1-Bed | 1-Bath Units [3] 2-Bed | 1-Bath Units [1] 3-Bed | 1-Bath Unit
- Lease-up of vacant units will improve the average 1-bed rents from $983 to $1,025, 2-bed rents from $1,050 to 1,200, & the vacant 3-bed unit to $1,325
- Projected to generate $92k in NOI with proper asset management
- Current cap rate of 8.3%, projected to increase to 10.5% on a stabilized basis
- Through strategic renovations an incoming owner can unlock additional value
- Within walking distance to the Kensington South Shore Metra Electric Stop
FOR SALE DETAILS
PRICE
$875,000 USD
PRICE/SF
$88 USD /SF
# OF UNITS
13
PRICE/UNIT
$67,308
CAP RATE
10.5%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1930
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,534 SF
ZONING
RT-4
APN/PARCEL ID
25-22-217-016-0000
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312-890-2232
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312-890-2232
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