70-74 E 138th St - Apartments FOR SALE
Riverdale, IL 60827 |
$1,000,000 USD
312-970-9870
70-74 E 138th St
Riverdale, IL 60827
HIGHLIGHTS
- All 2-Bedroom | 1-Bathroom units
- Currently operating at a 11.5% cap rate and is projected to generate a 16.2% cap rate
- $55.5K Per Unit
- Tenants pay heat at this building
- Property is approved for the ASHAP program, reducing real estate taxes by 30% yearly
- Opportunity to increase 2-bedroom rents from their average of $994 to the market rent of $1,200
FOR SALE DETAILS
PRICE
$1,000,000 USD
PRICE/SF
$91 USD /SF
# OF UNITS
18
PRICE/UNIT
$55,556
CAP RATE
16.2%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1960
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.29 AC
LAND SF
12,502 SF
ZONING
R-3, Riverdale
APN/PARCEL ID
29-04-207-042-0000
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312-970-9870
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312-970-9870
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