447 E 82nd St - Apartments FOR SALE


Chicago, IL 60619- Chatham
$780,000 USD
312-477-0197
447 E 82nd St, Chicago, IL for Sale
$780,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

447 E 82nd St
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • Attractive entry basis
  • Remaining upside in rent roll; Opportunity to achieve a 10% cap rate; Average rent of $890
  • New Porches; Individual heat in each apartment
  • Value add opportunity through cosmetic updates; On-site gated private parking

OVERVIEW

Interra Realty is pleased to present for sale the property located at 447 E. 82nd St. The subject investment property is a 12-unit, walk-up style, multifamily asset in the historic Chatham neighborhood. The property is comprised entirely of one bedroom apartments. Apartments feature expansive layouts with both formal living and dining rooms. Each unit features individual heat, provided through a combination of gas forced air and baseboard hot water heat. A new investor has the opportunity to acquire an almost fully occupied property with an further upside remaining in the rent roll. Through capturing market rents, potential investors have the ability to achieve a 10%+ cap rate.

FOR SALE DETAILS

PRICE

$780,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

12

PRICE/UNIT

$65,000

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

3

YEAR BUILT

1926

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RT-4

APN/PARCEL ID

20-34-225-014-0000

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.