6517 S Minerva Ave - Apartments FOR SALE


Chicago, IL 60637- Woodlawn
$950,000 USD
773-447-4767
6517 S Minerva Ave, Chicago, IL for Sale
$950,000 USD
Apartments - FOR SALE
1/2
null | 9.33% Cap Rate

6517 S Minerva Ave
Chicago, IL 60637
Woodlawn


HIGHLIGHTS

  • All 3 bedrooms/1 bath
  • 5 Car Detached Garage
  • Full basement
  • Recend remodeling
  • Good location

OVERVIEW

For Sale: 6517-19 S Minerva Ave, Chicago, IL 60637 Prime 6-Unit Multifamily Investment Opportunity Property Overview: Address: 6517-19 S Minerva Ave, Chicago, IL 60637 Building Type: 6-Unit Multifamily Lot Size: 6,300 sq. ft. Total Living Area: 10,146 sq. ft. Year Built: 1893 Exterior: Classic masonry with vintage architectural details Parking: Detached garage with multiple spaces Investment Highlights: ? Strong Rental Potential – Market rents for 3-bedroom units in the area range from $1,500 to $1,800 per month ? Prime Location – Situated in the rapidly developing Woodlawn neighborhood near the University of Chicago and upcoming commercial projects ? Value-Add Opportunity – Potential for unit renovations to increase rental income ? Stable Income – Multifamily assets in this area have a low vacancy rate Financial Summary:

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

9.33%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jumbo Multifamily For Sale in Desir

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1893

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,300 SF

ZONING

-

APN/PARCEL ID

20-23-119-009-0000

ASK ABOUT THIS PROPERTY

Andrew OlszowkaARC Realty GroupMore Info
773-447-4767

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Andrew OlszowkaARC Realty GroupMore Info
773-447-4767

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