2438 W 25th St - Apartments FOR SALE


Chicago, IL 60608
$700,000 USD
773-293-5086
2438 W 25th St, Chicago, IL for Sale
$700,000 USD
Apartments - FOR SALE
1/29
null | 6.5% Cap Rate

2438 W 25th St
Chicago, IL 60608


HIGHLIGHTS

  • Gut Renovated 2021
  • Individual Furnaces, Water Heaters & HVAC
  • Opportunity to Add Value with 5th Legal Unit
  • Modern Finishes Throughout

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 2438 W. 25th Street, a newly renovated legal five (5) unit building in the heart of Chicago's Lower West Side. The building features a three (3) unit walk up accompanied by a two (2) unit coach house. The property sits on a tree lined street just two (2) blocks from Western Avenue, with immediate access to CTA & Metra stations, as well as Interstate 55. 2438 W. 25th Street has undergone a complete gut renovation in the past five (5) years and has been meticulously maintained since. The building is equipped with copper plumbing, updated electric service, individual water heaters and furnaces in unit, and central air conditioning to all of the units. Units are fitted with modern finishes including granite counter tops, stainless steel appliances, and LVP flooring throughout. 2438 W. 25th Street is currently being operated as a four (4) unit building with an in place cap rate of 6.5%. A new investor can capitalize on the fifth (5th) legal unit to improve returns and achieve a cap rate of 9.5%.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

5

PRICE/UNIT

$140,000

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

16-25-216-010-0000

ASK ABOUT THIS PROPERTY

Jack PetrandoKiser GroupMore Info
773-293-5086

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Jack PetrandoKiser GroupMore Info
773-293-5086

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