5936 W Roosevelt Rd - Apartments FOR SALE


Chicago, IL 60644- Austin
$2,550,000 USD
773-293-5086
5936 W Roosevelt Rd, Chicago, IL for Sale
$2,550,000 USD
Apartments - FOR SALE
1/5
null | 10.09% Cap Rate

5936 W Roosevelt Rd
Chicago, IL 60644
Austin


HIGHLIGHTS

  • Rarely Available 38 Unit Building in The Island
  • Fourteen (14) 2Bd/1Ba, Fifteen (15) 1Bd/1Ba, Two (2) Studios, & Seven (7) Commercial Units
  • Newer Individual Furnaces & Hot Water Tanks
  • New Porches (2024), Copper Plumbing, & Updated Electric

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 5944 W. Roosevelt, a thirty-eight (38) unit mixed use property in Chicago’s West Side's most desirable pocket, "The Island". The properties sit just a few blocks from Chicago's Blue Line "El" train station at Austin as well as Columbus Park, which features ball fields, a theater, a pool & golf course. 5944 W. Roosevelt has a unit composition of fourteen (14) 2Bd/1Ba, fifteen (15) 1Bd/1Ba, two (2) studios, & seven (7) retail units. Furthermore, the building boasts newer windows, individual furnaces, individual hot water heaters, newer porches, copper plumbing, updated electric, and an abundance of masonry and tuckpointing work. 5944 W. Roosevelt & 1054 S. Mason provides an investor with a unique opportunity to acquire a stabilized and strong cashflowing asset in Chicago’s desirable pocket of The Island. From day one, a new owner will capitalize on an incredibly strong tenant base and will realize an in-place cap rate of 9.25% and a cash return of 14.26%. Through improved leasing, management, and raising rents to levels already being achieved in the area, an investor has the opportunity to achieve a cap rate of almost 13%.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$66 USD /SF

# OF UNITS

38

PRICE/UNIT

$67,105

CAP RATE

10.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roosevelt 38

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

B3-2

APN/PARCEL ID

16-17-409-030-0000

ASK ABOUT THIS PROPERTY

Jack PetrandoKiser GroupMore Info
773-293-5086

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Jack PetrandoKiser GroupMore Info
773-293-5086

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