Apartment Buildings /IL /Cook County /Chicago /7847-7853 S Essex Ave
Apartment Buildings /IL /Cook County /Chicago /7847-7853 S Essex Ave

7847-7853 S Essex Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore | 
$489,999 USD
312-890-2232
7847-7853 S Essex Ave, Chicago, IL for Sale
$489,999 USD
Apartments - FOR SALE
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7847-7853 S Essex Ave
Chicago, IL 60649
South Shore

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HIGHLIGHTS

  • Unit renovations can increase rents and improve property value
  • $18k/Unit
  • Market rents of $1,125 for residential and $1,100 for commercial
  • Projected 23.4% cash-on-cash return in year 1
  • Located within walking distance to the 79th street South Shore Metra Electric Line stop

OVERVIEW

Nara Advisors is pleased to exclusively market for sale 7847 S Essex, a 27-unit mixed-use building located in Chicago's South Shore neighborhood.

FOR SALE DETAILS

PRICE

$489,999 USD

PRICE/SF

$24 USD /SF

# OF UNITS

27

PRICE/UNIT

$18,148

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,408 SF

ZONING

B3-2

APN/PARCEL ID

21-30-327-020-0000

ASK ABOUT THIS PROPERTY

Robert BermanNara AdvisorsMore Info
312-890-2232

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Robert BermanNara AdvisorsMore Info
312-890-2232

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