14513-14523 S Kedzie Ave - Apartments FOR SALE


Posen, IL 60469
$2,480,000 USD
773-551-1268
14513-14523 S Kedzie Ave, Posen, IL for Sale
$2,480,000 USD
Apartments - FOR SALE
1/6
null | 9.05% Cap Rate

14513-14523 S Kedzie Ave
Posen, IL 60469


HIGHLIGHTS

  • Diverse unit mix: studios & 1 beds
  • Over 14% cash return AS-IS
  • 24 of 32 apartments fully rehabbed
  • Tenant paid heat via electric baseboard

OVERVIEW

Real Realty is pleased to present for sale the Kedzie Apartments located in Posen in southern Cook County. This opportunity presents an investor to acquire 32 apartments consisting of 16 studios and 16 one bed one baths. 24 of the 32 apartments have been fully renovated. Remodoled apartments on average are renting out for $100 more than than non-renovated apartments. Returns are currently strong in this building yielding a cash return of over 14%. Tenants pay for their own heat and electricity and landlord covers water. There is a 1/2 basement in each building and a storage shed.

FOR SALE DETAILS

PRICE

$2,480,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

32

PRICE/UNIT

$77,500

CAP RATE

9.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kedzie Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

D

APN/PARCEL ID

28-12-109-006-0000,28-12-109-007-0000,28-12-109-008-0000,28-12-109-009-0000,28-12-109-010-0000,28-12-109-011-0000,28-12-109-012-0000,28-12-109-013-0000

ASK ABOUT THIS PROPERTY

James CloughReal Realty, Inc.More Info
773-551-1268

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James CloughReal Realty, Inc.More Info
773-551-1268

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