2935 S Throop St - Multi-Family FOR SALE


Chicago, IL 60608- Bridgeport
$1,325,000 USD
630-640-1001
2935 S Throop St, Chicago, IL for Sale
$1,325,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

2935 S Throop St
Chicago, IL 60608
Bridgeport


HIGHLIGHTS

  • Prime Bridgeport Location
  • Large Corner Building with Numerous Updates Completed
  • Long Term Tenants
  • Short Walk to CTA Orange Line and Steps to Palmisano Park
  • Easy Access to I-55 & I-90
  • Full Basement

OVERVIEW

Large 7-unit brick apartment building at the coveted corner of Throop Street and 29th Street, offering a rare investment opportunity. This well-maintained property features spacious 1, 2, and 3-bedroom units, recently updated to attract quality tenants while retaining a few long-term residents for stability. With an annual rental income of $110,280, the below-market rents present significant upside potential for immediate revenue growth through strategic increases. Tenant-paid utilities and low operating expenses ensure strong cash flow, making this a low-maintenance, high-yield asset. The building’s financial appeal is further enhanced by a successful 2024 tax appeal, resulting in a reduced property tax burden. Its corner location provides excellent visibility and accessibility, ideal for sustained tenant demand. With modern updates already in place and minimal upkeep required, this property is positioned for both short-term gains and long-term appreciation. Don’t miss the chance to acquire a turnkey multifamily investment with immediate value-add potential in a thriving rental market.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

7

PRICE/UNIT

$189,286

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RT-4

APN/PARCEL ID

17-29-413-043-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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