$900,000 USD
312-890-2232
HIGHLIGHTS
- This asset is currently generating a 7.5% cap rate and is poised to return a 13.1% cap rate through the strategic lease up of vacant units
- Located blocks from I-94, allowing easy access to downtown Chicago
- With below-market rents, there is a clear opportunity for immediate rent increases and property improvements, offering strong value-add
- Located in a rapidly developing area, the property bene{ts from proximity to transit, retail, and employment centers
FOR SALE DETAILS
PRICE
$900,000 USD
PRICE/SF
$65 USD /SF
# OF UNITS
12
PRICE/UNIT
$75,000
CAP RATE
13.1%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1913
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,405 SF
ZONING
RT-4
APN/PARCEL ID
20-28-210-016-0000
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312-890-2232
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312-890-2232
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