417-423 E 76th St - Apartments FOR SALE


Chicago, IL 60619- Chatham
$525,000 USD
312-477-0197
417-423 E 76th St, Chicago, IL for Sale
$525,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

417-423 E 76th St
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • Desirable Unit Mix: 1 & 2 Bedroom layouts
  • Value add component through continued renovation and modernization of units; Potential addition of bedrooms
  • Newer Porches, Recent Masonry
  • Attractive Price Per Unit Entry Point

OVERVIEW

Interra Realty is pleased to present for sale the property located at 423 E. 76th St. The subject investment property is an 8-unit, walk-up style, multifamily asset in the historic Grand Crossing neighborhood. The property offers an attractive unit mix of one and two-bedroom apartments. The property features newer porches, recently completed tuckpointing and several units which have recently received cosmetic upgrades to kitchens, bathrooms and flooring. The opportunity presents a buyer with the option to continue the renovation in order to achieve higher rental rates in line with other updated units at the property and within the submarket. A new investor has the opportunity to acquire a fully occupied, recently improved property with further upside remaining in the rent roll.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

8

PRICE/UNIT

$65,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RS-2

APN/PARCEL ID

20-27-408-019-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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Lucas FrymanInterra RealtyMore Info
312-477-0197

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