2542 S Albany Ave - Apartments FOR SALE


Chicago, IL 60623- South Chicago
$749,900 USD
312-286-0427
2542 S Albany Ave, Chicago, IL for Sale
$749,900 USD
Apartments - FOR SALE
1/22
null | 6.04% Cap Rate

2542 S Albany Ave
Chicago, IL 60623
South Chicago


OVERVIEW

True FULL Gut Rehab down to the studs, on a lovely tree lined street in booming East Little Village. All units with modern, high end finishes; stainless steel appliances, quartz counters, in unit laundry, and hardwood floors throughout. The basement is also prepped to add 2 first floor units. Seller will build these 2 units out for an additional fee of $75,000/unit after closing in a massive value add opportunity. As a legal 6-unit with market rents (all current rents are massively under market) the proforma monthly income should be $7,500.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$197 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,475

CAP RATE

6.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2542 S Albany

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

16-25-122-040-0000

ASK ABOUT THIS PROPERTY

Lawrence DunningMain Street Real Estate GroupMore Info
312-286-0427

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Lawrence DunningMain Street Real Estate GroupMore Info
312-286-0427

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