$1,485,000 USD
312-327-5455
2034-2044 W Hood Ave
Chicago, IL 60659
West Rogers Park
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
$1,485,000 USD
PRICE/SF
$248 USD /SF
# OF UNITS
10
PRICE/UNIT
$148,500
CAP RATE
7.72%
% LEASED
95%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1963
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,418 SF
ZONING
R4, Chicago
APN/PARCEL ID
14-06-120-003-0000
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312-327-5455
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312-327-5455
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