8000 S Hermitage Ave - Apartments FOR SALE
Chicago, IL 60620 |
8000 S Hermitage Ave
Chicago, IL 60620
HIGHLIGHTS
- Property is currently generating 157K in collected Income and is projected to collect $166k at stabilization
- Close proximity to retailers such as CVS Pharmacy, Wendy's, Subway, White Castle, & Walmart
- Current cap rate of 9.2%, projected to increase to 10.5% on a stabilized basis
- Current rents below market with potential to increase to $1,250 for 2-bedroom units, $1,375 for 3- bedroom units, and $1,700 for 3-bedroom units
- All units are individually furnaced
- [6] 2-Bedroom/1-Bathroom Units & [6] 3-Bedroom/1-Bathroom Units
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
8000 S Hermitage Ave
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
7323
STORIES
3
YEAR BUILT
1929
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
20-31-212-019-0000
