$2,350,000 USD
312-327-5455
7648 S Phillips Ave
Chicago, IL 60649
South Shore
HIGHLIGHTS
- VALUE-ADD: Stabilized asset offering strong upside through significant rent growth potential with minimal capital outlay.
- ATTRACTIVE BASIS: Offered at an appealing in-place cap rate (9.56%) and cash-on-cash return (16.08%), this asset is positioned well relative to rece
- STRATEGIC LOCATION: Within walking distance to public transit (Metra Electric District), Rainbow Beach, South Shore Cultural Center, and several major
FOR SALE DETAILS
PRICE
$2,350,000 USD
PRICE/SF
$85 USD /SF
# OF UNITS
31
PRICE/UNIT
$75,806
CAP RATE
9.56%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1925
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.34 AC
LAND SF
14,810 SF
ZONING
RT-4
APN/PARCEL ID
21-30-307-022-0000
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312-327-5455
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312-327-5455
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