3058 Lotus Ave - Multi-Family FOR SALE


Chicago, IL 60641- Cragin | 
$950,000 USD
773-934-8898
3058 Lotus Ave, Chicago, IL for Sale
$950,000 USD
Multi-Family - FOR SALE
1/17
null | 7.32% Cap Rate

3058 Lotus Ave
Chicago, IL 60641
Cragin


HIGHLIGHTS

  • Turnkey 6-unit multifamily investment with value-add potential for a 7th garden unit
  • 100% Occupied!
  • 2 Car Garage!
  • Mix of 2 Bed 1 Bath Units & 1 Bed 1 Bath Units

OVERVIEW

Exceptional turnkey 6-unit multifamily investment with immediate value-add potential for a 7th garden unit! Owned and meticulously maintained by the same owner for over 40 years, this ultra-clean building boasts a 7% Cap Rate. Key updates include a BRAND NEW roof, updated windows, and select updated kitchens. Features (2) 2BD/1BA units and (4) 1BD/1BA units, showcasing timeless original woodwork, solid wood doors, and classic hardwood floors. Exterior includes a 2-car garage plus 2 off-street parking spots. Ideal addition to any portfolio with strong cash flow from day one!

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

7.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3058 N. Lotus Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,631 SF

ZONING

RS3

APN/PARCEL ID

13-28-110-019-0000

ASK ABOUT THIS PROPERTY

Peter FotopoulosBaird & WarnerMore Info
773-934-8898

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Peter FotopoulosBaird & WarnerMore Info
773-934-8898

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