8018-8020 S Eberhart Ave - Apartments FOR SALE


Chicago, IL 60619- Chatham
$825,000 USD
248-977-0226
8018-8020 S Eberhart Ave, Chicago, IL for Sale
$825,000 USD
Apartments - FOR SALE
1/5
null | 7% Cap Rate

8018-8020 S Eberhart Ave
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • 13 Units: All 1 BD/1 BA Unit Layouts
  • Pridefully Managed By Long Term Ownership Group
  • Ability to Increase Rents to Market Levels Upon Tenant Turnover (AVG 1 BD RENT: $878)
  • Units Renovated Over Course of Ownership
  • Updated Systems/Mechanicals & Newer Roof
  • Upgraded Porches, Laundry Room On-Site

OVERVIEW

Interra Realty LLC has been exclusively engaged to present 8018-20 S. Eberhart Ave for sale. A center entrance, 13 unit multifamily asset featuring all 1 BD/1 BA units with spacious floor plans. Located in Chicago's South Side in the Chatham submarket, the property has been pridefully maintained and managed by a long term ownership group and presents a significant value add component by bringing rents to market levels upon tenant turnover. Current ownership has updated all units and has made significant cap-ex improvements including an updated roof, porches, electric, plumbing, and windows. A qualified investor has the opportunity to acquire a turn key, well managed, stabilized asset in one of Chicago's fastest appreciating submarkets with the ability to continue to increase rents to the top of the market.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

13

PRICE/UNIT

$63,462

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,440 SF

ZONING

R4, Chicago

APN/PARCEL ID

20-34-209-023-0000

ASK ABOUT THIS PROPERTY

Max GrossmanInterra RealtyMore Info
248-977-0226

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Max GrossmanInterra RealtyMore Info
248-977-0226

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