HIGHLIGHTS
- EXCEPTIONAL IN-PLACE RETURNS: 9.30% Cap 15.62% Cash-on-Cash Return
- VALUE ADD POTENTIAL: Annual gross rental income more than $66,000 below market.
- RECENT RENOVATIONS: Current ownership invested more than $400,000 into renovating units and improving mechanical systems.
- STRONG LOCATION: Situated less than five miles from Chicago’s Loop, the property offers convenient access to downtown via public transit and highways
FOR SALE DETAILS
PRICE
$1,750,000 USD
PRICE/SF
$109 USD /SF
# OF UNITS
20
PRICE/UNIT
$87,500
CAP RATE
9.3%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1909
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,328 SF
ZONING
RT-4, Chicago
APN/PARCEL ID
16-23-214-014-0000
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312-327-5455
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