2400 S Troy St - Apartments FOR SALE


Chicago, IL 60623- Little Village
$1,150,000 USD
847-624-6639
2400 S Troy St, Chicago, IL for Sale
$1,150,000 USD
Apartments - FOR SALE
1/7
null | 7.31% Cap Rate

2400 S Troy St
Chicago, IL 60623
Little Village


HIGHLIGHTS

  • 2020 Renovation
  • Updated Electric
  • Individual Furnaces & Water Tanks
  • Garage Parking & Onsite Laundry Facility
  • Desirable Unit Mix: Six (6) 3BD/2BA & One (1) 1BD/1BA

OVERVIEW

Triton presents for purchase 2400 S. Troy, a seven (7) apartment building located in Chicago’s Little Village neighborhood. The property sits on the corner of 24th and Troy, just three (3) blocks from the Kedzie Pink Line Station and the vibrant 26th Street shopping corridor. This unique property offers an attractive unit mix of six (6) three-bedroom/ two-bath units and one (1) one-bedroom/one-bath unit. All apartments are spacious and feature desirable open layouts with large living areas and ample bedroom space. The units have benefited from a 2020 renovation, including hardwood flooring, open kitchens with stainless steel appliances and dishwashers, and individual furnaces and water tanks that reduce owner expenses. Additional building improvements include central heat, copper plumbing, updated electrical service, on-site laundry, and garage parking spaces providing supplemental income. 2400 S. Troy presents investors with a rare opportunity to acquire a renovated, stabilized asset with value-add potential. A new owner can capitalize on a day-one 7.31% cap rate, with the ability to achieve an 8.64% cap rate by bringing rents up to market levels. This is a compelling opportunity in a highly desirable and appreciating Little Village location.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

7

PRICE/UNIT

$164,286

CAP RATE

7.31%

% 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

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

Harrison CohenTriton Realty Group, LLCMore Info
847-624-6639

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Harrison CohenTriton Realty Group, LLCMore Info
847-624-6639

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