1502 E 74th St - Apartments FOR SALE


Chicago, IL 60619- Grand Crossing
$800,000 USD
773-293-5090
1502 E 74th St, Chicago, IL for Sale
$800,000 USD
Apartments - FOR SALE
1/5
null | 13.42% Cap Rate

1502 E 74th St
Chicago, IL 60619
Grand Crossing


HIGHLIGHTS

  • Twelve (12) Spacious Units w/ Updated Kitchen & Baths
  • On-Site Laundry Facility
  • Modern Boiler w/ R&D Control System
  • Prime South Shore Location

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 1502 E. 74th, a well-maintained twelve (12) unit building located in the desirable South Shore neighborhood of Chicago. The property benefits from its proximity to public transportation, The Obama Library, Lake Michigan, and a variety of local retail and neighborhood amenities. 1502 E. 74th features a unique unit mix consisting of eleven (11) 1Bd/1Ba units and one (1) studio unit, appealing to a wide rane of tenants. The units have hardwood floors throughout, offering a classic and durable finish that continues to attract renters. The property also includes an on-site laundry facility, providing added convenience for residents. The building presents investors with a strong in-place cap rate of 13.42%, delivering exceptional day-one returns. Investors can also benefit from an impressive 31.53% cash-on-cash return, further enhancing the property's appeal as a high-performing asset. With its solid fundamentals, desirable unit composition, and added amenities, 1502 E. 74th offers a compelling opportunity for investors seeking a high-yield asset in a well-established and growing submarket.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

12

PRICE/UNIT

$66,667

CAP RATE

13.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R

APN/PARCEL ID

20-26-223-008-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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