7255-7257 S Princeton Ave - Apartments FOR SALE
Chicago, IL 60621 |
7255-7257 S Princeton Ave
Chicago, IL 60621
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
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
13869
STORIES
3
YEAR BUILT
1913
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
20-28-210-016-0000
