Apartment Buildings /IL /Cook County /Chicago /3075 E Cheltenham Pl
Apartment Buildings /IL /Cook County /Chicago /3075 E Cheltenham Pl

3075 E Cheltenham Pl - Apartments FOR SALE


Chicago, IL 60649- South Shore | 
$5,650,000 USD
312-327-5455
3075 E Cheltenham Pl, Chicago, IL for Sale
$5,650,000 USD
Apartments - FOR SALE
1/19
null | 9.1% Cap Rate
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3075 E Cheltenham Pl
Chicago, IL 60649
South Shore

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HIGHLIGHTS

  • Stabilized / Proforma Cap Rate of 9.10% / 10.85% Cash on Cash: 13.64% / 20.65%
  • Recent $2,000,000+ Renovation Completed
  • Below Market Rents and High Vacancy Provide Immediate Upside
  • Strong South Shore Location – Steps from Lake Michigan and the $20B Quantum Computing Campus Development

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

60

PRICE/UNIT

$94,167

CAP RATE

9.1%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cheltenham Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1951

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,400 SF

ZONING

RM-5

APN/PARCEL ID

21-30-417-026-0000,21-30-417-052-1031

ASK ABOUT THIS PROPERTY

Kyle StengleMarcus & MillichapMore Info
312-327-5455

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Kyle StengleMarcus & MillichapMore Info
312-327-5455

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

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