6927 S Hermitage Ave - Apartments FOR SALE


Chicago, IL 60636- West Englewood
$359,000 USD
312-640-7010
6927 S Hermitage Ave, Chicago, IL for Sale
$359,000 USD
Apartments - FOR SALE
1/20
null | 11.47% Cap Rate

6927 S Hermitage Ave
Chicago, IL 60636
West Englewood


HIGHLIGHTS

  • Property was recently renovated in 2020.
  • All 3 units feature quality finishes and up-to-date appliances.
  • Two common laundry rooms are available.
  • Property features a 2-car garage.

OVERVIEW

Renovated in 2020 and stabilized with 3 current tenants, two of which are on annual leases expiring 12/2026 and 12/2027 respectively with basement unit being Month to month with the option of vacancy at closing which offers flexibility to the investor that adds this property to their portfolio. All tenants are currently at or near Market Rates. Well maintained to date, all three units feature Condo Quality Finishes, SS Appliances, Central Heat, modern baths and kitchens. Units 1 and 2 have hardwood floors throughout while the basement features large ceramic tile through out. The building features two common laundry rooms, additional storage closets and a 2 car garage. Current Gross Proforma Rents $4015 monthly or $46,180 annually - Low Taxes = Positive Cash Flow for the investor seeking a turn key option!

FOR SALE DETAILS

PRICE

$359,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

3

PRICE/UNIT

$119,667

CAP RATE

11.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

10

APN/PARCEL ID

20-19-421-014-0000

ASK ABOUT THIS PROPERTY

Brandy BellBaird & WarnerMore Info
312-640-7010

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Brandy BellBaird & WarnerMore Info
312-640-7010

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