460 W 28th Pl - Multi-Family FOR SALE


Chicago, IL 60616- Bridgeport
$1,299,000 USD
630-640-1001
460 W 28th Pl, Chicago, IL for Sale
$1,299,000 USD
Multi-Family - FOR SALE
1/7
null | 6.97% Cap Rate

460 W 28th Pl
Chicago, IL 60616
Bridgeport


HIGHLIGHTS

  • Brick Building
  • Easy access to Expressways
  • Short Walk to CTA Orange & Red Lines
  • Garage Parking
  • Modern Updates On-site
  • Laundry HVAC in All Units

OVERVIEW

This well-maintained brick 6-unit building presents a compelling investment opportunity featuring a desirable unit mix of two (2) 2-bedroom / 2-bath apartments, two (2) 2 Bedroom/1 -Bath Units and two (2) 1-bedroom / 1-bath units. The property offers apartment-quality updates throughout, including modern kitchens and baths, stainless steel appliances, and contemporary range hoods that appeal to today’s renters. Interiors are thoughtfully improved while maintaining operational efficiency, creating strong in-place tenancy and long-term rental stability. The building includes shared laundry facilities in the rear lower level, offering free on-site laundry as a valuable tenant amenity, along with bundled utilities including water, sewer, trash, and Wi-Fi to simplify management and enhance leasing appeal. A two-car garage provides additional income potential and convenience for residents. With its solid brick construction, updated interiors, and tenant-friendly amenities, this asset delivers a balanced combination of durability, modern finishes, and steady cash flow potential.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,500

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,125 SF

ZONING

RS-3

APN/PARCEL ID

17-28-314-025-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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