HIGHLIGHTS
- [30] Studio Units | [8] 1-Bedroom Units | [1] 2-Bedroom Units
- This property benefits from it's proximity to the University of Chicago, many national retailers, as well as lakeside accessibility
- The property is 100% occupied, demonstrating a solid demand for rental housing in the area
- Current cap rate of 6.7%, projected to increase to 8.0% with market rents
- Current rents are below market with the potential to increase to market
- This property is steps from the 53rd/55th Street Metra Station, offering 15 minute access to downtown Chicago
FOR SALE DETAILS
PRICE
$4,400,000 USD
PRICE/SF
$151 USD /SF
# OF UNITS
39
PRICE/UNIT
$112,821
CAP RATE
8%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Everett Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1925
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.26 AC
LAND SF
11,169 SF
ZONING
RM-6
APN/PARCEL ID
20-12-114-031-0000
ASK ABOUT THIS PROPERTY
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312-890-2232
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312-890-2232
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