2318 S Homan Ave - Apartments FOR SALE


Chicago, IL 60623- South Chicago
$700,000 USD
312-662-9590
2318 S Homan Ave, Chicago, IL for Sale
$700,000 USD
Apartments - FOR SALE
1/24
null | 9% Cap Rate

2318 S Homan Ave
Chicago, IL 60623
South Chicago


OVERVIEW

Prime Multi-Family Investment Opportunity in Little Village, Chicago Discover this well-maintained multi-family building located in the heart of Chicago’s vibrant Little Village neighborhood. Offering a blend of modern updates and strong rental upside potential. Property Highlights: Individual Heat & Water Heaters: Each unit comes equipped with its own furnace heating system and water heater, providing tenants with control over their utilities and reducing owner expenses. Modern Electrical Systems: The units have been recently upgraded with new wiring, ensuring a safe and reliable electrical setup for all residents to code. Updated Kitchens & Baths: Every unit features contemporary kitchens and bathrooms, complete with modern fixtures, cabinetry, and finishes, making the apartments highly desirable to tenants. Strong Rental Upside: With the improvements already in place and the growing demand in this bustling area, there is significant potential for rental rate increases, offering an attractive return on investment. Located in Little Village, a community known for its rich culture, dining, and shopping options, this building is perfectly positioned to capitalize on the neighborhood's ongoing growth. With easy access to public transportation, parks, and schools, this property offers a prime opportunity to own in one of Chicago's most dynamic areas. A high-performing asset with both immediate cash flow and long-term value appreciation!

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

6

PRICE/UNIT

$116,667

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RT-4

APN/PARCEL ID

16-26-211-029-0000

ASK ABOUT THIS PROPERTY

Brian Mond33 RealtyMore Info
312-662-9590

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Brian Mond33 RealtyMore Info
312-662-9590

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