8544 W Gregory St - Apartments FOR SALE


Chicago, IL 60656- O'Hare
$2,000,000 USD
630-947-3526
8544 W Gregory St, Chicago, IL for Sale
$2,000,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

8544 W Gregory St
Chicago, IL 60656
O'Hare


HIGHLIGHTS

  • Rarely Available 12-Unit Free-Standing Building in the O'Hare Submarket
  • Balanced and Attractive Unit Mix
  • Value-Add Opportunity
  • Long-Term Ownership of 35+ Years
  • Located Nearby O'Hare Intl. Airport, CTA Train and Major Expressways
  • No Garden Units

OVERVIEW

Interra Realty has been exclusively engaged to market for sale the multifamily asset located at 8544-48 W. Gregory Street in Chicago, Illinois. The subject investment property consists of a twelve-unit courtyard building with off-street parking competitively positioned in the O'Hare submarket. The location offers tenants convenient access to the Cumberland CTA stop (walking distance from the property), the Kennedy Expressway and O'Hare International Airport. The unit mix is comprised of one (1) studio, four (4) 1-bed/1bath, six (6) 2-bed/1bath, and one (1) 3-bed/2 bath units. The units are cooled via wall A/C units and heated through first floor radiant heat and hot water baseboard heat on the second and third floors. Off-street parking and storage are available and there are two common laundry rooms. The property has been under the same ownership since 1988. Potential investors have the opportunity to acquire a rarely available property in one of Chicago's premier submarkets.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

12

PRICE/UNIT

$166,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

RT-4

APN/PARCEL ID

12-11-110-044-0000

ASK ABOUT THIS PROPERTY

Paul WaterlooInterra RealtyMore Info
630-947-3526

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Paul WaterlooInterra RealtyMore Info
630-947-3526

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