$1,150,000 USD
312-890-2232
7256-7258 S Merrill Ave
Chicago, IL 60649
South Shore
HIGHLIGHTS
- The property is 92% occupied, showcasing strong rental demand in the area
- [5] 1-Bed/1-Bath Units & [7] 2-Bed/1-Bath Units
- Current cap rate of 9.5%, projected to increase to 10.4% on a stabilized basis
- Located in South Shore, close to public transportation such as the Bryn Mawr Electric Line train stop
- With 1-beds averaging $1,060 & 2-beds averaging $1,233, there is signi{cant potential for rent increases offering an opportunity for value-add investo
- Property has a strong history of occupancy & collections
FOR SALE DETAILS
PRICE
$1,150,000 USD
PRICE/SF
$128 USD /SF
# OF UNITS
12
PRICE/UNIT
$95,833
CAP RATE
10.4%
% 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
1916
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,712 SF
ZONING
R-4, Chicago
APN/PARCEL ID
20-25-208-041-0000
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312-890-2232
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312-890-2232
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