7152 S Emerald Ave - Apartments FOR SALE


Chicago, IL 60621- Englewood
$750,000 USD
708-351-3246
7152 S Emerald Ave, Chicago, IL for Sale
$750,000 USD
Apartments - FOR SALE
1/23
null | 10.5% Cap Rate

7152 S Emerald Ave
Chicago, IL 60621
Englewood


HIGHLIGHTS

  • All individual furnaces and hot water tanks
  • New kitchens
  • Updated Roof
  • Hardwood Flooring
  • Laundry Room
  • Spacious Units

OVERVIEW

Stately 6 unit apartment building for sale in emerging Englewood. The property is fully rented and cash flowing, and is currently operating at a 10 + CAP rate. The property underwent an extensive rehab with numerous updates including new kitchens, updated bathrooms, updated roof, refinished hardwood flooring, new lights, new laundry room and much more. This building has an excellent unit mix with 3 x 2 bedrooms and 3 x 3 bedrooms. All major mechanicals are updated including plumbing, individual furnaces and hot water tanks, newer electrical panels and wiring. This is a tenant paid utility set up that allows the owner to have very low operating costs. The building is a large corner building with excellent curb appeal. There is an updated common hallway as well as a large area in the back for tenant parking. The building is fully rented and is stable and cash flowing. Perfect arm chair investment opportunity.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

6

PRICE/UNIT

$125,000

CAP RATE

10.5%

% 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

1883

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RS-3

APN/PARCEL ID

20-28-100-037-0000

ASK ABOUT THIS PROPERTY

Anthony GolobHalsted Taylor Real EstateMore Info
708-351-3246

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Anthony GolobHalsted Taylor Real EstateMore Info
708-351-3246

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