10842-10844 S Eberhart Ave - Apartments FOR SALE


Chicago, IL 60628- Roseland
$535,000 USD
773-293-5032
10842-10844 S Eberhart Ave, Chicago, IL for Sale
$535,000 USD
Apartments - FOR SALE
1/5
null | 10% Cap Rate

10842-10844 S Eberhart Ave
Chicago, IL 60628
Roseland


HIGHLIGHTS

  • Three (3) 2Bd/1Ba & Three (3) 1Bd/1Ba
  • Spacious Units w/ Separate Living & Dining Rooms
  • Potential to Convert Dining Rooms into an Additional Bedroom
  • Renovated Kitchens & Baths
  • 10% In-Place Cap Rate

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 10842 S. Eberhart Ave, a six (6) unit center-entrance walk-up located in Chicago's historic Roseland neighborhood. The building sits on the corner of a quiet, tree-lined street one (1) block away from the premier Gwendolyn Brooks College Preparatory campus and one (1) block east of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 10842 S. Eberhart Ave is comprised of three (3) spacious 2bd/1ba and three (3) 1bd/1ba units. Each apartment features renovated kitchens & baths and separate living and dining rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to, a brand new porch, an updated boiler, and a recently repaired four (4) car garage that is not yet being utilized for additional income. 10842 S. Eberhart Ave presents an investor with the opportunity to acquire a positive cash-flowing asset in one of Chicago's premier South Chicago neighborhoods with an in-place cap rate of 10%. In addition, given the spacious layouts of each unit, there is an opportunity to convert each unit and add additional bedrooms throughout the building, further increasing potential returns.

FOR SALE DETAILS

PRICE

$535,000 USD

PRICE/SF

$73 USD /SF

# OF UNITS

6

PRICE/UNIT

$89,167

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10% Cap Rate | 6 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,480 SF

ZONING

-

APN/PARCEL ID

25-15-408-028-0000

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

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