2307 W 35th St - Apartments FOR SALE


Chicago, IL 60609- McKinley Park
$950,000 USD
773-293-5090
2307 W 35th St, Chicago, IL for Sale
$950,000 USD
Apartments - FOR SALE
1/5
null | 6.28% Cap Rate

2307 W 35th St
Chicago, IL 60609
McKinley Park


HIGHLIGHTS

  • Four (4) 2Bd/1Ba & Two (2) 1Bd/1Ba
  • Meticulously Maintained & Evident Pride of Ownership
  • Kitchens feature Granite Countertops & Stainless Steel Appliances
  • New Tear Off Roof (Warranty until 2030)
  • Onsite Laundry Facility

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 2307 W. 35th St, a beautiful six (6) unit building in the coveted McKinley Park neighborhood of Chicago. Just minutes from downtown, steps away from McKinley (William) Park, and a block from the 35th/Archer Metra stop, 2307 W. 35th St. is an ideally located building for any investor. 2307 W. 35th St. is conveniently comprised of four (4) 2Bd/1Ba units, and two (2) 1Bd/1Ba units. All of which feature spacious layouts, an abundance of natural light, and hardwood flooring throughout. The building has been meticulously maintained and updated over the years resulting in its fantastic shape. Improvements to building include, but are not limited to, newer windows, updated kitchens & baths, updated plumbing, masonry & tuckpointing work, and an onsite laundry facility, 2307 W. 35th St. offers an investor the opportunity to acquire a stabilized, cash-flowing asset in one the South Side's most sought after and developing neighborhoods. From day one an investor will be able to achieve a 6.28% cap rate. By raising rent to levels already being achieved in the building an investor would have the opportunity to realize a 7% cap rate.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,536 SF

ZONING

RT-4

APN/PARCEL ID

17-31-300-033-0000

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.