$2,325,000 USD
312-327-5455
7415-7423 S Kimbark Ave
Chicago, IL 60619
Grand Crossing
HIGHLIGHTS
- The property underwent a full renovation in 2009 including HVAC, electrical, plumbing, drywall and more
- Current gross revenue is more than $225,000 below market, creating significant upside through lease-up of near-term eviction units and vacancies
- New ownership has the potential to recapture an estimated $10,000 annually by implementing a utility bill-back program, further enhancing NOI.
FOR SALE DETAILS
PRICE
$2,325,000 USD
PRICE/SF
$103 USD /SF
# OF UNITS
31
PRICE/UNIT
$75,000
CAP RATE
10.77%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7415 S Kimbark Avenue
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1927
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.29 AC
LAND SF
12,632 SF
ZONING
RS-3, Chicago
APN/PARCEL ID
20-26-225-005-0000
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312-327-5455
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312-327-5455
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