HIGHLIGHTS
- Professional Offering Memorandum Available Upon Request
- Stabilized, Cash-Flowing Asset; Investor to Achieve 9.8% Cap Returns on Day One
- 33/35 Units are Subsidized
- 12 Units are on a Master Lease with a Subsidized Housing Agency
- Opportunity to Add Value by Increasing Currently Below Market Rents
- Located 4 Blocks From Metra ME Line 79th St Stop
FOR SALE DETAILS
PRICE
$2,700,000 USD
PRICE/SF
$108 USD /SF
# OF UNITS
37
PRICE/UNIT
$72,973
CAP RATE
11.2%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1928
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.36 AC
LAND SF
15,499 SF
ZONING
RS-3, Chicago
APN/PARCEL ID
20-35-101-004-0000
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312-610-1705
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312-610-1705
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