Renovated 24 Unit Multi-Family Building in Chicago’s South Shore Neighborhood
Asking Price: $2,500,000.00
- Description
- Offering Memorandum
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Description
Asking Price: $2,500,000.00
Total Number of Units: 24
2 Bedroom, 1 Bath Units: 12
3 Bedroom, 1 Bath Units: 12
Price Per Unit: $104,167.00
NOI: $220,917.00
Cap Rate: 8.84%
Building Size: Approx. 9,000 SF
Lot Size: Approx. 14,880 SF (120 x 124)
Built: 1922
Zoned RT-4
2021 Property Taxes: $33,556.00
AW Properties Global is pleased to present for sale a recently renovated 24-unit multifamily building located in Chicago’s south side neighborhood of South Shore. The desirable unit mix consists of (12) 2 bedroom 1 bath and (12) 3 bedroom 1 bath units.
Recent capital improvements include new kitchens and baths, updated common areas, new laundry room and tuckpointing. Heat is provided by a central boiler.
The property was built in 1922, is zoned RT-4 and is situated on a 120×124 parcel of land.
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