156-158 N Central Ave - Apartments FOR SALE


Chicago, IL 60644
$1,450,000 USD
312-477-0197
156-158 N Central Ave, Chicago, IL for Sale
$1,450,000 USD
Apartments - FOR SALE
1/15
null | 9% Cap Rate

156-158 N Central Ave
Chicago, IL 60644


HIGHLIGHTS

  • Thirty Three (33) Unit Cash Flowing Property
  • Professionally Managed High Occupancy Property
  • Competitive Rate of Return with Rental Upside

OVERVIEW

Interra Realty has been exclusively engaged to market for sale 156-158 N. Central Ave. The subject property is a thirty three (33) unit multifamily property located in the Austin neighborhood of Chicago’s West Side. The walk up property is comprised of twenty five (25) studio units and eight (8) 1BD/1BA units. Apartments in 156-158 N. Central Ave are heated through a central steam boiler system. Hot water is delivered via two (2) 100 Gallon hot water tanks. Additional facilities include an onsite laundry center with two (2) washers and two (2) dryers. A new investor has the opportunity to acquire a stabilized asset offering above market cash flow at acquisition price. Additional value can be created by implementing a rental increase program as units turn over.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

33

PRICE/UNIT

$43,939

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,037 SF

ZONING

-

APN/PARCEL ID

16-08-417-015-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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Lucas FrymanInterra RealtyMore Info
312-477-0197

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