1333 W Flournoy St - Multi-Family FOR SALE


Chicago, IL 60607- Little Italy
$1,200,000 USD
847-809-8979
1333 W Flournoy St, Chicago, IL for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/3
null | 6% Cap Rate

1333 W Flournoy St
Chicago, IL 60607
Little Italy


HIGHLIGHTS

  • Strong University Village Location
  • Individual Hot-water Heaters & Furnaces
  • Laundry On-Site
  • Value-Ad Opportunity

OVERVIEW

The attached subject opportunity is a five-unit apartment building located in Chicago's University Village Neighborhood. The apartments feature a mix of finish levels but all have hardwood flooring, some have dishwashers, and all have individual furnaces and hot-water heaters. Additionally, there is common area laundry located in the basement of the property. The attached subject building creates a unique opportunity for a new investor to step into a well-located asset in a low-velocity neighborhood with a large value-ad component. New ownership has the ability to rehab the apartments and push the rents significantly over time.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1884

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

17-17-309-017-0000

ASK ABOUT THIS PROPERTY

Harrison PinkusInterra RealtyMore Info
847-809-8979

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Harrison PinkusInterra RealtyMore Info
847-809-8979

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