$1,049,000 USD
312-890-2232
6900 S Vernon Ave
Chicago, IL 60637
Greater Grand Crossing
HIGHLIGHTS
- The property underwent a full renovation in 2018, ensuring modern {nishes and updated systems for long-term value.
- Within walking distance to the King Drive Green Line stop, offering great public transportation options
- Current cap rate of 8.8%, projected to increase to 10.1% on a stabilized basis
- Convenient access to the 94 highway, providing easy commuting options for tenants.
- Ability to increase 1-bedroom rents to $1,200 from their current $1,070 average and opportunity to push 2-bedroom rents to $1,350 from their $1,217 cu
FOR SALE DETAILS
PRICE
$1,049,000 USD
PRICE/SF
$149 USD /SF
# OF UNITS
12
PRICE/UNIT
$87,417
CAP RATE
10.1%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1910
PARKING SPACES
4
LAND DETAILS
LAND ACRES
0.16 AC
LAND SF
7,054 SF
ZONING
B2-3
APN/PARCEL ID
20-22-414-020-0000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
312-890-2232
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
312-890-2232
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
