525 N Austin Blvd - Apartments FOR SALE


Chicago, IL 60644- Austin
$750,000 USD
847-780-8063
525 N Austin Blvd, Chicago, IL for Sale
$750,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

525 N Austin Blvd
Chicago, IL 60644
Austin


HIGHLIGHTS

  • 57-Unit subsidized senior living building located on Chicago's west side
  • 89% leased, providing immediate consistent cash flow upon acquisition
  • Conveniently located within walking distance and a few blocks away from the Austin CTA “L” Station (Green Line)
  • approx. one (1) mile from Interstate-290 (I-290), providing convenient access for residents and visitors
  • All but one (1) of the units are subsidized through the CHA

OVERVIEW

Crestwood Apartments, located at 525 N. Austin Boulevard, features a six (6) story subsidized senior living apartment building on Chicago's West Side. Constructed in 1930, the 57-unit building sits on 0.34 acres and features a studio-heavy mix with 40 studio units, 16 1-bedroom units, and one (1) 2-bedroom unit. The building is 89% occupied and includes 19 parking spaces, an elevator, and on-site laundry. With all but one (1) unit subsidized through the CHA, Crestwood offers buyers the potential for durable, stable income supported by an established resident base. The property is well located near Interstate-290 (I-290) and the Austin CTA “L” Station (Green Line), providing for strong connectivity across the West Side and into Downtown Chicago.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$15 USD /SF

# OF UNITS

57

PRICE/UNIT

$13,158

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crestwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,641 SF

ZONING

RS-3

APN/PARCEL ID

16-08-219-001-0000,16-08-219-002-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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