7655-7657 S Coles Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$1,100,000 USD
312-477-0197
7655-7657 S Coles Ave, Chicago, IL for Sale
$1,100,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

7655-7657 S Coles Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Highly desirably South Shore location just two blocks from Lake Michigan
  • Ideal unit mix comprised entirely of 2BD/1BA units
  • Meaningful upside remaining in the rent roll
  • Well maintained units, many of which have received cosmetic updates

OVERVIEW

Interra Realty is pleased to present exclusively for sale 7655 S Coles Ave. The subject property is a thirteen unit brick masonry building located in Chicago's historic South Shore neighborhood. The unit mix is comprised entirely of two-bedroom apartments. Units feature spacious living areas with abundant natural light. A portion of the units have updated kitchens with newer cabinets, granite countertops and stainless steel appliances. The property includes seven parking spots on the private rear parking pad. The property offers the opportunity to acquire an asset with meaningful upside remaining in the rent roll, in an area that has experienced strong rent growth. The property is located just one block from Rainbow Beach. Additionally, the property is just 3 blocks from the Windsor Park Metra Electric station, o?ering tenants convenient transit access.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

13

PRICE/UNIT

$84,615

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1921

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,975 SF

ZONING

RT-4

APN/PARCEL ID

21-30-404-017-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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Lucas FrymanInterra RealtyMore Info
312-477-0197

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