3140 S Indiana Ave - Apartments FOR SALE


Chicago, IL 60616- South Chicago
$4,400,000 USD
312-848-6682
3140 S Indiana Ave, Chicago, IL for Sale
$4,400,000 USD
Apartments - FOR SALE
1/23
null | 7.07% Cap Rate

3140 S Indiana Ave
Chicago, IL 60616
South Chicago


HIGHLIGHTS

  • Historic, Landmark Designated Building
  • Fully Renovated with Modern Finishes and Individual HVAC
  • All Newer Building Systems Within Significantly Improved, Vintage Envelope
  • Strong Location in "The Gap" Submarket of Bronzeville

OVERVIEW

Interra Realty has been exclusively engaged to market 3138-40 S. Indiana Avenue, "Unity Hall", for sale. The subject investment property is a historically significant, fully renovated multifamily asset in a strong location within the Bronzeville Neighborhood. The property features studio, two, three and four bedroom apartments. All units have market leading modern finishes and individual HVAC. The facade and envelope were beautifully restored and building systems were all replaced during the renovation. Common area amenities include on-site laundry (owned/free) and a shared patio for grilling. A qualified investor has the rare opportunity to acquire a stabilized and renovated multifamily asset in the booming Bronzeville neighborhood.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

21

PRICE/UNIT

$209,524

CAP RATE

7.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Unity Hall

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

M1

APN/PARCEL ID

17-34-102-031-0000

ASK ABOUT THIS PROPERTY

Joe SmazalInterra RealtyMore Info
312-848-6682

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Joe SmazalInterra RealtyMore Info
312-848-6682

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