8054 S Ingleside Ave - Apartments FOR SALE


Chicago, IL 60619- Chatham
$2,800,000 USD
773-615-2626
8054 S Ingleside Ave, Chicago, IL for Sale
$2,800,000 USD
Apartments - FOR SALE
1/18
null | 10.6% Cap Rate

8054 S Ingleside Ave
Chicago, IL 60619
Chatham


OVERVIEW

8044 S Ingleside Avenue is an established 45-unit courtyard building in East Chatham featuring 7 studio units, 13 1-bedroom units, and 25 2-bedroom layouts. This cash-flowing investment property offers significant upside potential through strategic rent bumps, benefiting from the neighborhood's stable rental fundamentals. The property's strong unit mix provides excellent rental demand and flexibility. East Chatham's steady growth and development create favorable conditions for rental rate increases and long-term value appreciation. With below-market rents in place, this property presents an excellent opportunity to implement strategic rent increases

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

45

PRICE/UNIT

$62,222

CAP RATE

10.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chatam II

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R-3, Chicago

APN/PARCEL ID

20-35-109-027-0000

ASK ABOUT THIS PROPERTY

Brian Mond33 RealtyMore Info
773-615-2626

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Brian Mond33 RealtyMore Info
773-615-2626

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