1264 S Saint Louis Ave - Apartments FOR SALE


Chicago, IL 60623
$675,000 USD
219-465-8584
1264 S Saint Louis Ave, Chicago, IL for Sale
$675,000 USD
Apartments - FOR SALE
1/28
null | 8.95% Cap Rate

1264 S Saint Louis Ave
Chicago, IL 60623


OVERVIEW

33 Realty is pleased to present for sale 1264 S. Saint Louis Avenue, a 6-unit multi-family investment property opportunity in Homan Square. The property was extensively rehabbed in 2017 and consists of three 2-bed / 1-bath and three 3-bed / 1-bath apartments with individual gas-forced heat and hot water tanks. The residents are responsible for individual electric and gas responsibilities. 2017 rehab included: electric upgrade to 400 amp, new masthead, plumbing, waste & supply lines, HVAC, masonry, meters, replaced joists where needed, windows, unit interiors - all per plans permits approved by city of Chicago. There is significant opportunity for a new operator to bring rents to market to increase the in-place cap rate of 8.95% to 12.69%.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

6

PRICE/UNIT

$112,500

CAP RATE

8.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1264 S Saint Louis

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

RT-4

APN/PARCEL ID

16-23-202-037-0000

ASK ABOUT THIS PROPERTY

Gene Hart33 RealtyMore Info
219-465-8584

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Gene Hart33 RealtyMore Info
219-465-8584

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