1228 W Glenlake Ave - Apartments FOR SALE
Chicago, IL 60660 |
1228 W Glenlake Ave
Chicago, IL 60660
HIGHLIGHTS
- Beautiful solid and extra-wide high-income rental property rents quickly and is fully leased into 2024
- RS-3 Zoning. Oversized 37.5'x125' lot; $90,900 Gross Income; Approx $65k NOI; 5.83 CAP rate and a GRM of 12.10!!
- The top-floor apartment is truly one-of-a-kind, featuring luxury finishes, lofted ceilings, exposed brick, custom cabinetry
- Rents for these apartments are always above comparable rates in the area due to the exceptional quality the property offers.
- Agent owned property since 1999 is nearing the end of the depreciation cycle and will sell into a 1031 exchange.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Edgewater Glen Multi-family Investment Opp
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
4312
STORIES
2
YEAR BUILT
1911
PARKING SPACES
3
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
14-05-122-058-0000
