2824 W Van Buren St - Apartments FOR SALE


Chicago, IL 60612
$2,000,000 USD
773-293-5086
2824 W Van Buren St, Chicago, IL for Sale
$2,000,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

2824 W Van Buren St
Chicago, IL 60612


HIGHLIGHTS

  • Condo Quality Units with Imported Finishes
  • Ten (10) 3BD/2BA Units
  • New Individual Furnaces & Water Heaters
  • In-Unit Laundry
  • Close Proximity to Chicago's "EL" Train Station & I-290 Expressway
  • Rear Parking Lot w/ ten (10) spots

OVERVIEW

Kiser Group is pleased to exclusively present for purchase The Van Buren Flats, a newly constructed ten (10) unit building at 2824 W. Van Buren St in Chicago's East Garfield Park neighborhood. The property is conveniently situated near I-290 and the California CTA Blue Line Station, providing immediate access to the United Center, Illinois Medical District, and downtown Chicago. The Van Buren Flats are solely comprised of ten (10) 3BD/2BA luxury apartments. All of which feature spacious, open-concept floorplans with modern, top-of-line finishes imported from Europe. Kitchens and baths are equipped with modern cabinetry, stainless steel appliances, and stone countertops imported from Italy. Spacious bedrooms are fitted with walk-in closets, twin-tilt European windows, and new carpet. Each unit contains individual HVAC and hot water tanks, in-unit laundry, and in-unit circuit breakers. The building is accompanied with a 10-spot parking lot in the rear that generates additional monthly income. The Van Buren Flats presents investors with the rare opportunity to acquire a cash flowing, new construction building in the heart of the city. From day one, Van Buren's next owner will realize a cap rate exceeding 6%, and the ability to further increase cash returns by leasing the rest of the units.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

10

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Van Buren Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,740 SF

ZONING

B2-3

APN/PARCEL ID

16-13-124-025-0000

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.