5417 N Kenmore Ave - Apartments FOR SALE


Chicago, IL 60640- Edgewater
$10,000,000 USD
312-848-6682
5417 N Kenmore Ave, Chicago, IL for Sale
$10,000,000 USD
Apartments - FOR SALE
1/16
null | 6.4% Cap Rate

5417 N Kenmore Ave
Chicago, IL 60640
Edgewater


HIGHLIGHTS

  • Strong Location in Dynamic Edgewater Neighborhood
  • Professionally Managed and Well-Maintained
  • Recently Modernized Lobby and Hallways
  • Spacious Studio and One Bedroom Layouts

OVERVIEW

Interra Realty has been exclusively engaged to market 5417 N. Kenmore Avenue, Chicago, for sale. The subject investment property is a 65 unit, mid-rise multifamily asset in the Edgewater Neighborhood. The property has been well-maintained by professional ownership and management. The lobby and common areas just experienced a transformative modernization with new tile, paint, and lighting. The apartments are a mix of spacious studio and one bedroom layouts, with rental quality finishes. The property offers investors optionality of value-add business plans. It is being offered for sale to qualified investors free-and-clear of existing debt.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

65

PRICE/UNIT

$153,846

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kenmore East Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,854 SF

ZONING

R-6, Chicago

APN/PARCEL ID

14-08-206-009-0000

ASK ABOUT THIS PROPERTY

Joe SmazalInterra RealtyMore Info
312-848-6682

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Joe SmazalInterra RealtyMore Info
312-848-6682

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