7830 S Yates - Apartments FOR SALE


Chicago, IL 60649- South Shore
$500,000 USD
312-477-0197
7830 S Yates, Chicago, IL for Sale
$500,000 USD
Apartments - FOR SALE
1/6
null | 8.76% Cap Rate

7830 S Yates
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Cash flowing property with attractive entry price point
  • Opportunity to reach 11%+ cap rate
  • Desirable location in appreciating South Shore Market

OVERVIEW

Interra Realty is pleased to market for sale the property at 7830 S Yates Blvd in Chicago's South Shore neighborhood. The subject property is comprised of 10 one-bedroom apartments. Located in a rapidly appreciating market area with proximity to Rainbow Beach Park and the Metra Electric commuter line. The subject property has undergone improvements including new luxury vinyl plank flooring and updated kitchens including new cabinets and stainless steel appliances. Bathrooms have been outfitted with modern finishes. The property presents potential investors with the opportunity to acquire a cash flowing asset with the opportunity to improve performance. Through capturing market rents, a future owner has the opportunity to achieve an 11%+ cap rate in a rapidly appreciating south side neighborhood.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

10

PRICE/UNIT

$50,000

CAP RATE

8.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RT-4, Chicago

APN/PARCEL ID

20-25-430-039-0000

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.