14 Units · Multifamily For Sale
Value Add Multifamily

South Shore Multifamily building consisting of 14 Units. 3 studios, 8 one bedroom apartments and 3 two bedroom apartments.  Value add component through improving units and raising rents. The community has seen gentrification which is directly affecting the value of all classes of real estate in the area. This is evident not only in the rapid appreciation of residential properties, but also in commercial properties along Stony Island and 71st, 75th, and 79th Streets. Commercial properties are receiving high interest from national and local retailers alike. Couple these developments with the high quality of the physical structures, both single-family homes and multi-family buildings, and one can see that South Shore is the place to invest.

  • Price: $750,000
  • No. Units: 14
  • Property Type: Multifamily
  • Property Sub-type: Apartments
  • Building Class: C
  • Cap Rate: 9.0 %
  • Sale Type: Investment
  • Condition: Fair/good
  • Average Occupancy: 80%
  • No. Stories: 3
  • Year Built: 1915
  • Zoning: R-4
  • APN/Parcel ID: 21-30-119-002-0000
TimK

Contact Listing Broker

Timothy Keenan | Commercial Broker
Cell: 773.983.0741  –  Email:  timk@crer.com
Listings | CRER Profile | LoopNet |

Highlights

  • No Violations
  • Boiler – Newer
  • Hot Water tanks – Newer
  • Windows – Newer
  • Porches – Newer
  • Roof – Newer

  • Secure Property
  • 24 Hour maintenance
  • Tenant pay electric and cooking gas
  • Value add in completing the remaining garden units
  • Value add in leasing remaining units
  • Value add in operations
  • Value add in management

Unit Mix Information

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Financial Summary (Pro forma – 2018)

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Information provided therein, while believed to be accurate, are provided “as is”. Chicago Real Estate Resources, Inc. CRER disclaims any and all representations, warranties, or guarantees of any kind.

Traffic Information

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Public Transportation

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Timothy Keenan’s Other Listings

Contact Listing Broker

Timothy Keenan | Commercial Broker
Cell: 773.983.0741  –  Email:  timk@crer.com

Chicago Real Estate Resources, Inc.
205 North Michigan Avenue, Suite #2950
Chicago Illinois 60601

Timothy’s transactional experiences include multi-family, mixed use, retail, fractured condo developments, industrial, commercial and land sales. He also oversees more complex deals such as REO auctions, note purchases, portfolio note purchases, and portfolio REO.

    TimK

    Tim Keenan has been great to work with. He has brought us exciting opportunities that fit the model of what we are looking for. He is extremely knowledgeable about all aspects of the business and we feel like he is a partner in these deals as opposed to a broker. Lastly, he has proven in a very short time to be a person of integrity and honesty. He is our broker of choice and we will continue to work with him.

    PATRICK MCCOY Labrynth, Inc.

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