5501 W Quincy St - Apartments FOR SALE


Chicago, IL 60644- Austin
$649,900 USD
888-998-4758
5501 W Quincy St, Chicago, IL for Sale
$649,900 USD
Apartments - FOR SALE
1/27
null | 12.74% Cap Rate

5501 W Quincy St
Chicago, IL 60644
Austin


OVERVIEW

Rarely available 9-unit brick apartment building situated on a prominent corner lot, offering excellent visibility and a compelling value-add investment opportunity. The property features a desirable unit mix of (6) 2-bedroom/1-bath units and (3) 1-bedroom/1-bath units, providing strong income-producing potential with significant upside through rental repositioning and operational improvements. An excellent opportunity for investors seeking to enhance cash flow and maximize long-term returns in a well-positioned multifamily asset. Property is being sold strictly as-is. No survey is available. Buyer will be responsible for assuming all code compliance requirements. All offers must be submitted via PropOffers.com, instructions under Additional Information. There is a 5-business day hold period during which the seller will not respond to offers. All offer packages must include a copy of the contract, proof of funds, and Buyer Agency Agreement. Sold As Is. Seller does not provide survey. Buyer must take subject to all violations/code compliance requirements. Utilities will not be activated.

FOR SALE DETAILS

PRICE

$649,900 USD

PRICE/SF

$40 USD /SF

# OF UNITS

9

PRICE/UNIT

$72,211

CAP RATE

12.74%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5501 West Quincy Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-3, Chicago

APN/PARCEL ID

16-16-109-020-0000

ASK ABOUT THIS PROPERTY

Anthony DisanoParkvue RealtyMore Info
888-998-4758

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

Anthony DisanoParkvue RealtyMore Info
888-998-4758

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