9017 S Bishop St - Apartments FOR SALE


Chicago, IL 60620- Brainerd
$500,000 USD
773-293-5090
9017 S Bishop St, Chicago, IL for Sale
$500,000 USD
Apartments - FOR SALE
1/5
null | 9.26% Cap Rate

9017 S Bishop St
Chicago, IL 60620
Brainerd


HIGHLIGHTS

  • Three (3) 1Bd/1Ba & Three (3) 2Bd/1Ba
  • Spacious Floorplans w/ Separate Living & Dining Rooms
  • Modern Smith Boiler w/ R&D Control System
  • Updated Kitchens & Baths
  • Prime Brainerd Location

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 9017 S. Bishop St, a Six (6) unit building located in Chicago's Brainerd neighborhood. 9017 S. Bishop sits just two blocks from the Brainerd Metra station, granting convenient access to Downtown Chicago. Local shops and dining along S. Ashland Avenue provide residents with convenient access to essentials such as shopping centers, grocery stores, and restaurants. The building is also walking distance to Brainerd Park which offer residents a playground, basketball court, and baseball field. 9017 S. Bishop consists of Three (3) 1Bd/1Ba and Three (3) 2Bd/1Ba units. All of which have spacious layouts, hardwood floors, and an abundance of natural light. The building has underwent significant improvements consisting of, but not limited to: newer boiler with R&D control system, modern kitchen and bathrooms, along with an abundance of masonry and tuckpointing. 9017 S. Bishop presents an investor the opportunity to acquire a strong, positive cash-flowing building with an in place cap rate of 9.26% and cash return of 14.29%. By increasing rents to rates already achieved in the area, there is an opportunity to achieve a 10.75% cap rate and proforma cash return of 20.24%.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

6

PRICE/UNIT

$83,333

CAP RATE

9.26%

% 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

0.15 AC

LAND SF

6,534 SF

ZONING

R2

APN/PARCEL ID

25-05-127-003-0000

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.