732 W Grace St - Apartments FOR SALE


Chicago, IL 60613- Lakeview
$8,300,000 USD
847-691-7800
732 W Grace St, Chicago, IL for Sale
$8,300,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

732 W Grace St
Chicago, IL 60613
Lakeview


OVERVIEW

732 W. Grace St. is a 15-unit, mixed-use building located approximately ¼ mile from both Lake Michigan and Wrigley Field in Chicago’s Lakeview neighborhood. The fourteen renovated apartments feature stainless steel appliances, hardwood floors, granite countertops, in-unit laundry, and individual HVACs. There is a 4,700 square foot retail space, which has been occupied by The Pancake Café since 2018. New ownership may be able to increase annual rental income by roughly 11% by increasing rents to market as units turn. The Property benefits from a pride of ownership that can be immediately seen and results in little to no deferred maintenance. Residents benefit from both high-quality apartments and excellent customer service. 732 W. Grace St. is conveniently located 0.5 miles from the Addison CTA Red Line Station and 0.5 miles from the Sheridan CTA Red Line Station.

FOR SALE DETAILS

PRICE

$8,300,000 USD

PRICE/SF

$954 USD /SF

# OF UNITS

15

PRICE/UNIT

$553,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1896

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-21-102-015-0000

ASK ABOUT THIS PROPERTY

Rick OfmanEssex Realty Group, LLCMore Info
847-691-7800

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Rick OfmanEssex Realty Group, LLCMore Info
847-691-7800

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