$2,925,000 USD
312-327-5455
2800 W Washington Blvd
Chicago, IL 60612
East Garfield Park
HIGHLIGHTS
- STRONG IN-PLACE AND POTENTIAL RETURNS: (Current / Proforma) – Cap Rate: 8.07% / 9.18%, Cash on Cash: 10.12% / 14.56%
- TENANT-PAID UTILITIES: All utilities are separately metered and resident paid, further reducing landlord responsibilities.
- STRONG REVENUE GROWTH POTENTIAL: Current rents are more than $25,000 below market, providing immediate upside.
- LOCATION: The property is situated in a growing neighborhood with proximity to The United Center, public transit, parks, and major development project
FOR SALE DETAILS
PRICE
$2,925,000 USD
PRICE/SF
$306 USD /SF
# OF UNITS
15
PRICE/UNIT
$195,000
CAP RATE
8.07%
% 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
0.15 AC
LAND SF
6,534 SF
ZONING
RT-4
APN/PARCEL ID
16-12-323-027-0000
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312-327-5455
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312-327-5455
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