16-18 N Lorel Ave - Apartments FOR SALE


Chicago, IL 60644- Austin
$2,100,000 USD
773-935-4425
16-18 N Lorel Ave, Chicago, IL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/13
null | 14.66% Cap Rate

16-18 N Lorel Ave
Chicago, IL 60644
Austin


HIGHLIGHTS

  • All 23 units are currently leased, providing immediate and stable cash flow.
  • Situated in one of Chicago’s most vibrant and revitalizing communities, known for its cultural richness and urban renewal.
  • Easy access to public transportation, major roads, shopping centers, schools, and local attractions.
  • Generates impressive gross annual income, offering a compelling return on investment.

OVERVIEW

Do not miss this lucrative opportunity to acquire a fully leased 23-Unit Multi-Family property in Chicago's vibrant Austin neighborhood. This well-maintained asset generates an impressive gross annual income o, offering a strong return on investment. With an asking price of $2.1 million, this property is a prime addition to any investor's portfolio. Ideally located in a thriving, transit-friendly neighborhood, the property offers easy access to public transportation, shopping, schools, and local attractions. Austin's ongoing revitalization only adds to the area's long-term growth potential. With an asking price of $2.1 million, this property is an excellent addition to any investor's portfolio. This property won't last long, contact today to schedule a tour!

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

23

PRICE/UNIT

$91,304

CAP RATE

14.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RT-4

APN/PARCEL ID

16-09-321-026-0000

ASK ABOUT THIS PROPERTY

773-935-4425

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773-935-4425

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