Apartment Buildings /IL /Cook County /Chicago /7648 S Phillips Ave
Apartment Buildings /IL /Cook County /Chicago /7648 S Phillips Ave

7648 S Phillips Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore | 
$2,149,000 USD
312-610-1706
7648 S Phillips Ave, Chicago, IL for Sale
$2,149,000 USD
Apartments - FOR SALE
1/8
null | 12.3% Cap Rate
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7648 S Phillips Ave
Chicago, IL 60649
South Shore

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HIGHLIGHTS

  • $69K/Unit
  • Stabilized, Cash-Flowing Asset, Investor can Achieve 10.6% Cap Returns on Day One
  • Opportunity to Add Value by Increasing Below Market Rents
  • Majority of the Units Are Section 8 Tenants
  • Close Proximity to Obama Presidential Library and Future PsiQuantum Computing Campus

OVERVIEW

Professional Offering Memorandum Available Upon Request

FOR SALE DETAILS

PRICE

$2,149,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

31

PRICE/UNIT

$69,323

CAP RATE

12.3%

% 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

ASK ABOUT THIS PROPERTY

Robert BermanNara Realty AdvisorsMore Info
312-610-1706

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Robert BermanNara Realty AdvisorsMore Info
312-610-1706

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