$2,430,000 USD
312-890-2232
HIGHLIGHTS
- Each unit is individually furnace-heated, meaning tenants pay for their own heat, lowering operating costs for the owner.
- As a LIHTC property, the investment benefits from federal tax credits, enhancing its financial appeal
- The property offers a strong opportunity for rent increases, as market rents are higher than current rents by up to 25%.
- The property has historically experienced low vacancy rates
- Located on an arterial street with growing demand for residential rental properties, the property has significant upside potential
FOR SALE DETAILS
PRICE
$2,430,000 USD
PRICE/SF
$146 USD /SF
# OF UNITS
31
PRICE/UNIT
$78,387
CAP RATE
11.4%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1927
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
B2-3
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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312-890-2232
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Please correct the highlighted field(s).
312-890-2232
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
