7200 S Lowe Ave - Apartments FOR SALE


Chicago, IL 60621- Englewood
$2,525,000 USD
773-293-5090
7200 S Lowe Ave, Chicago, IL for Sale
$2,525,000 USD
Apartments - FOR SALE
1/5
null | 11.05% Cap Rate

7200 S Lowe Ave
Chicago, IL 60621
Englewood


HIGHLIGHTS

  • Thirteen (13) 2Bd/1Ba, Twelve (12) 1Bd/1Ba, & One (1) Studio
  • 1200 Amp Electric Service
  • Modern Weil-McLain Boiler w/ R&D Control System
  • 100% Copper Plumbing
  • New Kitchens & Baths
  • On-Site Laundry Facility

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 7200 S. Lowe, a twenty-six (26) unit building located on a quiet, tree- lined street in Chicago's Englewood neighborhood. The property has been extremely well maintained and is situated just a few blocks from, both, the Dan Ryan Expressway and the CTA Red Line (69th Stop), both of which provide tenants with easy access to all public transportation throughout Chicago and a quick commute to Chicago’s Downtown. 7200 S. Lowe is comprised of twelve (12) 1Bd/1Ba, thirteen (13) 2Bd/1Ba, and one (1) studio. Each unit boasts an open and spacious layout consisting of hardwood floors, and large separate living rooms. Recent improvements to the building consist of, but not limited to: copper plumbing, new 400 Amp electric service, newer boiler with R&D control system, newer hot water heater and storage tanks (2019), and onsite laundry facility. 7200 S. Lowe presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Englewood neighborhood. With the current operation from day one, an investor will realize a 11% cap rate and a 22% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 11.9% and a 25.6% cash return.

FOR SALE DETAILS

PRICE

$2,525,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

26

PRICE/UNIT

$97,115

CAP RATE

11.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,382 SF

ZONING

RT-4, Chicago

APN/PARCEL ID

20-28-110-021-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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