2800 W Washington Blvd - Apartments FOR SALE


Chicago, IL 60612- East Garfield Park
$2,100,000 USD
773-293-5060
2800 W Washington Blvd, Chicago, IL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/7
null | 8.04% Cap Rate

2800 W Washington Blvd
Chicago, IL 60612
East Garfield Park


HIGHLIGHTS

  • Strong Subsidized Tenant Base 11/15
  • Newer Individual Furnaces
  • 100% Copper Plumbing
  • Meticulously Maintained
  • Evident Pride of Ownership
  • Just One (1) Block for California "EL" Greenline stop

OVERVIEW

Kiser Group is pleased to exclusively present for purchase, 2800 W. Washington Blvd. Located on historic Washington Boulevard., this newly renovated Queen Ann style building sits just one block south of the CTA California Green Line Station and just a few blocks West of The United Center. The building is comprised of fifteen (15) one-bedroom apartments and was substantially updated in 2018. All apartments feature new gas ranges, refrigerators, shades, and plank vinyl flooring. All kitchens and baths have new plumbing fixtures, ceramic wall tile, and VCT flooring. All building mechanical systems are new, including: 100% copper plumbing, furnaces, electric service, and roof. 2800 W. Washington is a fully stabilized asset, that serves the affordable housing needs of Senior Citizens and Veterans. The building contains a strong subsidized tenant base with 11/15 voucher tenants. From day one investors will realize an in-place cap rate of 8% and cash returns exceeding 11%.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

15

PRICE/UNIT

$140,000

CAP RATE

8.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

16-12-323-027-0000

ASK ABOUT THIS PROPERTY

Noah ClarkKiser GroupMore Info
773-293-5060

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

Noah ClarkKiser GroupMore Info
773-293-5060

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