7850 S Burnham Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$875,000 USD
312-351-1111
7850 S Burnham Ave, Chicago, IL for Sale
$875,000 USD
Apartments - FOR SALE
1/6
null | 9.05% Cap Rate

7850 S Burnham Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • New Mechanicals
  • Highly Desirable Location in South Shore

OVERVIEW

Prime Value-Add investment opportunity for this 13-unit m/u property. Comprised of (8) 2 Bedroom/1Bath Units, (2) 1 Bedroom/1 Bath units, and 3 leased commercial spaces. New boiler and Electric. Roof is is excellent condition. Half of the apartments have been completely remodeled to leverage higher market rents. New owner can complete rehab of additional units and leverage appreciation of market rents. **2% Co-op to licensed brokers**

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

10

PRICE/UNIT

$87,500

CAP RATE

9.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

B3-2

APN/PARCEL ID

21-30-331-037-0000

ASK ABOUT THIS PROPERTY

Phillip Gross33 RealtyMore Info
312-351-1111

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Phillip Gross33 RealtyMore Info
312-351-1111

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