1455 S Hamlin Ave - Apartments FOR SALE


Chicago, IL 60623
$480,000 USD
312-888-5486
1455 S Hamlin Ave, Chicago, IL for Sale
$480,000 USD
Apartments - FOR SALE
1/27
null | 11.24% Cap Rate

1455 S Hamlin Ave
Chicago, IL 60623


HIGHLIGHTS

  • 100% Occupied with a 11.24% Cap. 15.04% Pro Forma Cap
  • 6-Unit Greystone Building Rehabbed
  • Tenants Pay Gas/Heat & Electric

OVERVIEW

6-Unit Apartment Building For Sale in Douglas Park / North Lawndale. 100% occupied with the market tenants. The price per unit which is very good by today's standards. 11.24% CAP! The rents are WAY below the market and there are value added potential. Recent improvements/renovations consist of: new roof 2015, new gas-forced air units 2017, new concrete throughout basements 2017, new steel porches 2016 with new painting 2021, entire building tuckpointed 2016, circuit breakers throughout units, new plumbing, and stacks, the new fence at the back yard 2021 and all new insulation layer for water pipes 2021. Tenants Pay Gas/Heat & Electric

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

6

PRICE/UNIT

$80,000

CAP RATE

11.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

RT-4

APN/PARCEL ID

16-23-118-010-0000

ASK ABOUT THIS PROPERTY

Tony LiuYoumu VenturesMore Info
312-888-5486

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Tony LiuYoumu VenturesMore Info
312-888-5486

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