2034-2040 W Hood Ave - Apartments FOR SALE
Chicago, IL 60659 |
2034-2040 W Hood Ave
Chicago, IL 60659
HIGHLIGHTS
- Located in West Ridge, Chicago, under 10 minute walk to Peterson/Ridge UP North Metra station, offering convenient access to transportation
- Features 10 one-bedroom units, 13 revenue-generating parking spaces, and one non-conforming garden unit generating over $11,000 of additional income
- Roughly 80% of this property's tenants, and their rents, are secured by various social service organizations
- Clear pathway to adjust rents to market levels through collaboration with tenant organizations
- 8.03% Cash on Cash return Year 1; over 12% Pro-Forma Cash on Cash return potential
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
6000
STORIES
2
YEAR BUILT
1963
PARKING SPACES
7
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
14-06-120-003-0000
