2400 S Troy St - Apartments FOR SALE


Chicago, IL 60623- Little Village
$1,250,000 USD
773-293-5060
2400 S Troy St, Chicago, IL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/7
null | 7.4% Cap Rate

2400 S Troy St
Chicago, IL 60623
Little Village


HIGHLIGHTS

  • Gut-Renovated Asset
  • Seven (7) Units: Six (6) 3BD/2BA & One (1) 1BD/1BA
  • Copper Plumbing
  • Updated Electric
  • Individual Furnaces & Water Tanks
  • Garage Parking & Onsite Laundry Facility

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 2400 S. Troy, a vintage seven (7) unit walk-up located in Chicago’s Little Village neighborhood. The property sits on a quiet, tree-lined street just three (3) blocks from Kedzie Pink Line Station. Furthermore, the property conveniently sits roughly three (3) blocks from the 26th Street shopping corridor. 2400 S. Troy has a unique layout made up of seven (7) total units consisting of six (6) 3b/1ba units, and one (1) 1b/1ba. All of which, however, are incredibly spacious and atypically large for the area. Units are equipped with hardwood flooring, in-unit furnaces, individual water tanks, as well as open floor plan kitchens equipped with stainless steel appliances and dishwashers. Additional improvements to the building include: copper plumbing throughout, updated electrical servicing, on-site laundry and garage parking generating additional income. 2400 S. Troy presents an investor with a rare opportunity to acquire a newly gut-renovated asset, while also embodying numerous value-add components. From day one, new owner will capitalize on a 7.4% cap rate. Through improved leasing and raising rents to market rate levels, a new owner has the ability to achieve an 8.3% cap rate.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

7

PRICE/UNIT

$178,571

CAP RATE

7.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,937 SF

ZONING

R-4, Chicago

APN/PARCEL ID

16-25-114-023-0000

ASK ABOUT THIS PROPERTY

Noah ClarkKiser GroupMore Info
773-293-5060

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Noah ClarkKiser GroupMore Info
773-293-5060

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