7908-7926 S Ingleside Ave - Apartments FOR SALE


Chicago, IL 60619- Chatham
$1,500,000 USD
773-293-5032
7908-7926 S Ingleside Ave, Chicago, IL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/5
null | 16.66% Cap Rate

7908-7926 S Ingleside Ave
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • REO Sale
  • Twenty (20) 2Bd/1Ba & Fourteen (14) 1Bd/1Ba
  • 100% Copper Plumbing
  • Brand New Weil McClain Boiler
  • Significant Value Add Opportunity

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 7908 S. Ingleside, a 34-unit center-entranced courtyard located in Chicago’s East Chatham neighborhood. The property is tucked away on a quiet, tree-lined street and is one (1) block away from Grand Crossing Park. Additionally, the property sits just a few blocks away from the 79th and Chatham Metra station providing tenants quick and easy access to downtown Chicago via train. 7908 S. Ingleside is comprised of 34 total units, made up of twelve (14) 1b/1ba and twenty-two (20) 2b/1ba units. All of the units have spacious layouts with hardwood flooring and most of the units having both a living and dining room. The majority of the units are in need of updating and TLC work. Additionally, the building consists of all copper plumbing, modern Weil McClain Boilder, newer hot water tanks, and an on-site laundry facility. 7908 S. Ingleside requires plenty of TLC, providing a new owner the opportunity to add significant value through renovations of the apartments. This is a unique opportunity to hand-select a tenant base and an owner can achieve a cash-flowing asset by setting rental rates already achieved in the area.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$44 USD /SF

# OF UNITS

34

PRICE/UNIT

$44,118

CAP RATE

16.66%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,750 SF

ZONING

RS-3

APN/PARCEL ID

20-35-102-009-0000

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

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