15 N Keeler Ave - Apartments FOR SALE


Chicago, IL 60624- West Garfield Park
$1,950,000 USD
773-251-8963
15 N Keeler Ave, Chicago, IL for Sale
$1,950,000 USD
Apartments - FOR SALE
1/15
null | 9.5% Cap Rate

15 N Keeler Ave
Chicago, IL 60624
West Garfield Park


HIGHLIGHTS

  • Retail spaces have central air
  • All apartments have been remodeled with modern bathrooms & kitchens with refrigerators, ranges and microwave ovens
  • Hardwood floors throughout living area and bedrooms
  • 1200 Amp electrical service, Boiler and water heater replaced in 2023
  • Cashless laundry on site provides additional income.
  • Located within an opportunity zone. AHSAP 35% reduced tax status approved not yet applied.

OVERVIEW

Outstanding, turnkey, previously fully rehabbed, Garfield Park 24-unit mixed use building in prime location with 12.3% cap rate on 50x175 foot corner lot with B3-2 zoning. Building consists of 5 studios, 5 one-bedrooms, 8 two-bedroom apartments & 6 retail spaces (Grocery store accounts for three of the commercial units). Retail spaces have central air. All apartments have been remodeled with modern bathrooms & kitchens with refrigerators, ranges and microwave ovens. Hardwood floors throughout living area and bedrooms. 1200 Amp electrical service! Boiler and water heater replaced in 2023. Easy street parking. Fantastic location is close to Tilton Elementary School, Garfield Park Conservatory, ponds, gardens, and athletic facilities, Pulaski CTA Green & Blue Line stops, and 290 Expressway. Five miles to Chicago Loop. Cashless laundry on site provides additional income. Located within an opportunity zone. AHSAP 35% reduced tax status approved not yet applied.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

22

PRICE/UNIT

$88,636

CAP RATE

9.5%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,756 SF

ZONING

B3-2

APN/PARCEL ID

16-10-424-017-0000

ASK ABOUT THIS PROPERTY

Mike FrankKeller Williams Preferred RealtyMore Info
773-251-8963

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Mike FrankKeller Williams Preferred RealtyMore Info
773-251-8963

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