1749 95th St - Apartments FOR SALE


Chicago, IL 60643
$1,450,000 USD
773-293-5056
1749 95th St, Chicago, IL for Sale
$1,450,000 USD
Apartments - FOR SALE
1/9
null | 7.54% Cap Rate

1749 95th St
Chicago, IL 60643


HIGHLIGHTS

  • Nine (9) Retail, Eight (8) Residential Units
  • Prime Retail Location
  • Favorable Rental Upside
  • Easily Accessible to Downtown Transportation

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 1749 W. 95th St, a seventeen (17) unit building in Chicago’s historic Beverly neighborhood. The subject site is situated on a corner lot near many popular retail attractions, and sits directly across the street from the 95th/Beverly Hills Metra Station, providing quick and easy access to downtown Chicago. 1749 W. 95th St is comprised of nine (9) retail spaces, two (2) studios, four (4) 1Bd/1Ba units, one (1) 2Bd/1.5Ba, and one (1) 3Bd/1Ba units. 100% of retail and residential units are occupied and have varying levels of finishings. In addition to rental income from the units, the building gains additional cash flow each month from a billboard atop the building. The billboard contract needs to be renegotiated in order to maximize value. 1749 W. 95th St presents an investor with the unique opportunity to acquire an asset with tremendous upside. A potential new owner has the ability to capitalize by renovating some units and stabilizing rents at levels already being achieved in the market. Through this, a new owner can achieve a cap rate of 10.97% and a cash return of over 21%.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

17

PRICE/UNIT

$85,294

CAP RATE

7.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,394 SF

ZONING

-

APN/PARCEL ID

25-07-203-005-0000

ASK ABOUT THIS PROPERTY

John GeorgeKiser GroupMore Info
773-293-5056

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John GeorgeKiser GroupMore Info
773-293-5056

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