2338 S Kedzie Ave - Apartments FOR SALE


Chicago, IL 60623- Little Village
$1,200,000 USD
773-293-5007
2338 S Kedzie Ave, Chicago, IL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/5
null | 5.4% Cap Rate

2338 S Kedzie Ave
Chicago, IL 60623
Little Village


HIGHLIGHTS

  • 20% Rental Upside As-Is
  • Occupied and Stable Commercial
  • Diverse Unit Mix

OVERVIEW

Kiser Group is pleased to present two adjacent properties for sale at 2338 and 2340 S Kedzie. 2338 S Kedzie is an eight-unit mixed-use building featuring seven apartments above a fully occupied ground-floor commercial space. Directly to the south, 2340 S Kedzie consists of a garage and parking lot currently operated as a tire shop. Both properties are fully occupied, offering a buyer stable income in a desirable retail location. Additionally, there is significant upside potential, as current rents are below market and can be increased by approximately 20% in their as-is condition.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$337 USD /SF

# OF UNITS

9

PRICE/UNIT

$133,333

CAP RATE

5.4%

% 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

1907

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B3-2

APN/PARCEL ID

16-26-215-035-0000

ASK ABOUT THIS PROPERTY

Andy FriedmanKiser GroupMore Info
773-293-5007

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Andy FriedmanKiser GroupMore Info
773-293-5007

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