12003-12005 S Stewart Ave - Apartments FOR SALE


Chicago, IL 60628- West Pullman
$975,000 USD
248-977-0226
12003-12005 S Stewart Ave, Chicago, IL for Sale
$975,000 USD
Apartments - FOR SALE
1/8
null | 8.3% Cap Rate

12003-12005 S Stewart Ave
Chicago, IL 60628
West Pullman


HIGHLIGHTS

  • Desirable Unit Mix: (5) 1 BD/1 BA & (8) 2 BD/1 BA with spacious floor plans
  • Brand new boiler installed 2021. Upgrades to electric service and roof
  • Value add component by renovating units and bringing rents to market levels
  • On-site laundry for tenant convenience
  • Fast appreciating submarket

OVERVIEW

Interra Realty has been exclusively engaged to present for sale 12003-12005 S. Stewart Ave. Located in Chicago's Pullman neighborhood, the subject property is a 13 unit multifamily asset featuring (5) 1 BD/1 BA and (8) 2 BD/1 BA units. The units feature spacious floor plans and offer a value add opportunity through cosmetic upgrades to units to bring rents to market levels. Current ownership has outfitted the building with a brand new boiler, electrical upgrades, and roof improvements. There is a laundry room on site for tenant convenience. A qualified investor has the opportunity to acquire a well managed, well maintained asset with the ability to significantly drive rents to market levels through leasing, management, and the continued modernization of the existing vintage units.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

13

PRICE/UNIT

$75,000

CAP RATE

8.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RS-3

APN/PARCEL ID

25-28-208-037-0000

ASK ABOUT THIS PROPERTY

Max GrossmanInterra RealtyMore Info
248-977-0226

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

Max GrossmanInterra RealtyMore Info
248-977-0226

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