2548 S Homan ave - Multi-Family FOR SALE


Chicago, IL 60623- Little Village
$3,400,000 USD
773-293-5086
2548 S Homan ave, Chicago, IL for Sale
$3,400,000 USD
Multi-Family - FOR SALE
1/5
null | 6.09% Cap Rate

2548 S Homan ave
Chicago, IL 60623
Little Village


HIGHLIGHTS

  • Sixteen (16) 1Bd/1Ba & Twelve (12) Studio Units
  • Thirty Four (34) Parking Spaces
  • Modern Kitchen & Baths w/ Individual Furnaces
  • Prime Little Village Location

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 2548 S. Homan, a 28-unit apartment building located in Chicago’s Little Village neighborhood. The property is situated near 26th Street, one of the neighborhood’s primary commercial corridors, offering convenient access to a variety of restaurants, retail, grocery stores, and local services. Residents also benefit from nearby public transportation and convenient access to I-290, providing connectivity throughout Chicago and the surrounding suburbs. The property is comprised of twelve (12) studio units and sixteen (16) 1Bd/1Ba units. Each unit is equipped with an individual furnace, while the property also offers on-site parking and on-site laundry facilities for residents. 2548 S. Homan currently generates a 6.09% in-place cap rate and a 2.18% cash return. Through continued rental growth and operational improvements, the property is projected to achieve a 7.29% proforma cap rate and a 7.01% proforma cash return, providing investors with meaningful upside and the potential to enhance overall returns.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

28

PRICE/UNIT

$121,429

CAP RATE

6.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1919

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM-5

APN/PARCEL ID

16-26-227-041-0000

ASK ABOUT THIS PROPERTY

Jack PetrandoKiser GroupMore Info
773-293-5086

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Jack PetrandoKiser GroupMore Info
773-293-5086

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