8035 S Evans Ave - Apartments FOR SALE


Chicago, IL 60619- Chatham
$525,000 USD
847-863-2707
8035 S Evans Ave, Chicago, IL for Sale
$525,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

8035 S Evans Ave
Chicago, IL 60619
Chatham


OVERVIEW

A 12-unit apartment building ideally suited for value-add investors seeking to create sweat equity through strategic repositioning. Six of the 12 units suffer from extensive fire damage. The property is well located in Chatham, benefiting from strong transit connectivity, durable neighborhood demand, and favorable Chicago multifamily fundamentals driven by a limited new supply pipeline. This is the type of asset where clean execution renovation efforts can translate directly into NOI growth, creating long-term stability for investors focused on both cash flow and appreciation.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

12

PRICE/UNIT

$43,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,658 SF

ZONING

RT-4

APN/PARCEL ID

20-34-215-009-0000

ASK ABOUT THIS PROPERTY

Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

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Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

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