Apartment Buildings /IL /Cook County /Chicago /7150 S Cornell Ave
Apartment Buildings /IL /Cook County /Chicago /7150 S Cornell Ave

7150 S Cornell Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore | 
$825,000 USD
815-341-0049
7150 S Cornell Ave, Chicago, IL for Sale
$825,000 USD
Apartments - FOR SALE
1/41
null | 9.49% Cap Rate
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7150 S Cornell Ave
Chicago, IL 60649
South Shore

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HIGHLIGHTS

  • Well Maintained Courtyard Building
  • Spacious Apartments
  • Strong Value Add Opportunity

OVERVIEW

- Immediate Rental Upside; Current Rents $50-$150 Below Market. - Stabilized Asset with Multiple Levers to Grow Revenue Through Rent Increases, Program Conversion, and Unit/Amenity Expansion. - Meticulously Maintained and Operated by Local Owner. - Prime Location in the Heart of South Shore

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

12

PRICE/UNIT

$68,750

CAP RATE

9.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,232 SF

ZONING

-

APN/PARCEL ID

20-25-100-026-0000

ASK ABOUT THIS PROPERTY

Joe KahlhammerEssex 312, LLCMore Info
815-341-0049

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Joe KahlhammerEssex 312, LLCMore Info
815-341-0049

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

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