1534 E 65th Pl - Apartments FOR SALE


Chicago, IL 60637
$500,000 USD
773-293-5032
1534 E 65th Pl, Chicago, IL for Sale
$500,000 USD
Apartments - FOR SALE
1/5
null | 14.49% Cap Rate

1534 E 65th Pl
Chicago, IL 60637


HIGHLIGHTS

  • Six (6) 2Bd/1Ba Units
  • Separate Living & Dining Areas
  • Four (4) Blocks from Obama Presidential Library
  • Individual Furnaces
  • Value-Add Opportunity

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 1534 E 65th Pl, a six (6) unit walk-up building located in Chicago's historic East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago, and is situated right next to the developing Obama Presidential Library. 1534 E. 65th Pl is also conveniently located, providing easy access to Chicago's public transportation system, being less than a block away from the 63rd St. Metra stop. 1534 E. 65th Pl is comprised of six (6) 2Bd/1Ba. This property needs serious renovations providing a new owner with the opportunity to add tremendous value through renovations in the apartments. The property also includes a spacious three (3) car parking lot on the back of the property. 1534 E. 65th presents an investor with the rare opportunity of acquiring a true value add project in one of Chicago's most desirable neighborhoods. Through renovations and bringing 'down' units back up to speed, a new investor could achieve significant cash returns and double-digit cap rates.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$73 USD /SF

# OF UNITS

6

PRICE/UNIT

$83,333

CAP RATE

14.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,153 SF

ZONING

RM-5

APN/PARCEL ID

20-23-219-023-0000

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.