4411 W Walton St - Apartments FOR SALE


Chicago, IL 60651- West Humboldt Park
$700,000 USD
773-293-5086
4411 W Walton St, Chicago, IL for Sale
$700,000 USD
Apartments - FOR SALE
1/10
null | 8.2% Cap Rate

4411 W Walton St
Chicago, IL 60651
West Humboldt Park


HIGHLIGHTS

  • Individual & In-Unit Furnaces
  • Bitumen Membrane Roof
  • Updated Copper Plumbing

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 4411 W. Walton, a beautiful seven (7) unit walk-up building located in one of Chicago's most rapidly growing neighborhoods, Humboldt Park. The property sits on a quiet, tree-lined street just two (2) blocks away from the brand new $170 million Public Safety Training Center along Chicago Ave, which also has an abundance of retail and public transit. 4411 W. Walton is comprised of six (6) 2bd/1ba spacious units and one (1) 1bd/1ba unit, all containing in-unit furnaces. The property has been meticulously maintained by a single owner/operator for over 25 years. Recent capital improvements consist of, but are not limited to updated copper plumbing, newer windows, newer Bitumen membrane roof, and re-wired electric with breaker boxes in-unit. 4411 W. Walton presents an investor with a unique opportunity to acquire a cash-flowing asset with an in-place cap rate over 10% from day one. Additionally, through improved leasing, management, and raising rents to market rate levels, a new investor can realize a cap rate over 11% and cash returns of 23.45%.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

7

PRICE/UNIT

$100,000

CAP RATE

8.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,830 SF

ZONING

RS-3

APN/PARCEL ID

16-03-318-018-0000

ASK ABOUT THIS PROPERTY

Jack PetrandoKiser GroupMore Info
773-293-5086

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Jack PetrandoKiser GroupMore Info
773-293-5086

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