1901 W Pryor Ave - Apartments FOR SALE


Chicago, IL 60643- Morgan Park
$3,600,000 USD
773-293-5056
1901 W Pryor Ave, Chicago, IL for Sale
$3,600,000 USD
Apartments - FOR SALE
1/5
null | 8.02% Cap Rate

1901 W Pryor Ave
Chicago, IL 60643
Morgan Park


HIGHLIGHTS

  • REO Sale
  • Metra Distance: 450ft
  • All Electric Building (1200 AMP Service)
  • Individual Hot Water Heaters
  • Baseboard Heat

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 1901 West Pryor Avenue, a thirty-four (34) unit building in Chicago’s Morgan Park Neighborhood. The subject property is situated directly across the street from Prospect Gardens Park and just a few blocks from Morgan Park High School to the East. Additionally, the building is two blocks northeast of the 111th St. – Morgan Park Station, providing quick and easy tenant transportation to Chicago’s downtown. 1901 West Pryor Avenue is comprised of thirty-four (34) 1Bd/1Ba units, of which twenty-eight (28) sit vacant. Some interior units have been updated, providing new cabinets and hardwood flooring throughout. Additionally, the building is all electric, with 1200 AMP service and baseboard heat. Recent capital improvements include but are not limited to: individual hot water heaters, in-unit breakers, and touchless laundry systems. 1901 West Pryor Avenue presents an investor with a unique opportunity to acquire a building with tremendous upside in a CHA Mobility Zone. A buyer has the opportunity to occupy vacant apartments at strong market or subsidized rates being achieved locally.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

34

PRICE/UNIT

$105,882

CAP RATE

8.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,750 SF

ZONING

10

APN/PARCEL ID

25-18-418-026-0000

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.