8439 S Blackstone Ave - Apartments FOR SALE


Chicago, IL 60619- Calumet Heights
$750,000 USD
773-293-5090
8439 S Blackstone Ave, Chicago, IL for Sale
$750,000 USD
Apartments - FOR SALE
1/5
null | 10.33% Cap Rate

8439 S Blackstone Ave
Chicago, IL 60619
Calumet Heights


HIGHLIGHTS

  • Spacious 1Bd/1Ba Units
  • 10.33% Cap Rate
  • Updated Kitchen and Baths
  • Hardwood Flooring Throughout
  • Desirable Calumet Heights Location

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 8439 S. Blackstone Ave, a Ten (10) unit courtyard located in Chicago’s Calumet Heights neighborhood. The property is tucked away on a quiet, tree-lined street and is within walking distance to Grand Crossing Park. Located in Chicago’s Calumet Heights community, 8439 S. Blackstone offers residents easy access to Avalon Park, local schools, shopping centers, and transit options, blending neighborhood charm with everyday convenience. 8439 S. Blackstone is comprised of ten (10) 1Bd/1Ba units. Each unit boasts an open and spacious layout consisting of hardwood floors, large separate living rooms, and an abundance of natural light. Recent improvements to the building consist of, but not limited to: newer porches, updated kitchens and baths, and an abundance of masonry and tuckpointing work. 8439 S. Blackstone presents and investor an opportunity to acquire a cash-flowing asset in Chicago's Calumet Heights neighborhood. With current operations, an investor will realize a 10.33% cap rate and a 18.55% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 11.69% and a 23.99% cash return.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$63 USD /SF

# OF UNITS

10

PRICE/UNIT

$75,000

CAP RATE

10.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,991 SF

ZONING

RS-2

APN/PARCEL ID

20-35-408-001-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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