8735 S Beverly Ave - Apartments FOR SALE


Chicago, IL 60620- Gresham
$375,000 USD
312-477-0197
8735 S Beverly Ave, Chicago, IL for Sale
$375,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

8735 S Beverly Ave
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • 12 Units
  • Desirable mix of one, two, and three-bedroom units
  • Attractive entry price point
  • Heavy value add opportunity requiring full rehab

OVERVIEW

Interra Realty is pleased to market for sale the property at 8375 S Beverly Ave in Chicago's Brainerd neighborhood. The subject property is comprised of 12 apartments with a unit mix of three (3) studios, four (4) one-bedroom, and five (5) twobedroom units. The property is currently vacant and presents potential investors with the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. The property is completely gutted and requires a full rehab. Through completing the rehab and building a new rent roll future owners will be positioned to achieve an 11% cap rate.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$40 USD /SF

# OF UNITS

12

PRICE/UNIT

$31,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,944 SF

ZONING

RT-4

APN/PARCEL ID

25-06-200-086-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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Lucas FrymanInterra RealtyMore Info
312-477-0197

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