1423 119th St - Apartments FOR SALE


Whiting, IN 46394
$1,400,000 USD
773-293-5000
1423 119th St, Whiting, IN for Sale
$1,400,000 USD
Apartments - FOR SALE
1/5
null | 7.07% Cap Rate

1423 119th St
Whiting, IN 46394


HIGHLIGHTS

  • Fully Occupied With Room To Push Rents
  • 3 Blocks From Lake Michigan
  • 30 Minutes To Downtown Chicago
  • Turn Key Asset
  • Condo Quality Finishes

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 1423 119th Street, an 8-unit mixed-use multifamily asset located in the heart of Whiting, Indiana. The property is situated just blocks from Lake Michigan and offers easy access to Chicago, making it an attractive location for both residents and retail tenants. Positioned along 119th Street, the asset benefits from proximity to local retail, dining, and major transportation routes. 1423 119th St. features a desirable unit mix of one (1) 3Bd/2Ba, two (2) 2Bd/1Ba, three (3) 2Bd/2Ba, and two (2) retail units. With the building being recently renovated, each apartment features updated quality finishes, including stainless steel appliances, updated bathrooms, copper plumbing, new electric service, and in unit washer & dryer. The property presents an investor with the opportunity to acquire a well located mixed-use asset in a growing Northwest Indiana market. From day one the building offers a potential investor an opportunity to acquire a stable, cash-flowing asset at an in-place cap rate of 7%.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

8

PRICE/UNIT

$175,000

CAP RATE

7.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whiting Lofts

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C-DB-SZ Downtown Business

APN/PARCEL ID

45-03-07-226-069.000-025

ASK ABOUT THIS PROPERTY

Carson McDanielKiser GroupMore Info
773-293-5000

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Carson McDanielKiser GroupMore Info
773-293-5000

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