3572 W Cortland Ave - Apartments FOR SALE


Chicago, IL 60647
$1,875,000 USD
847-624-6639
3572 W Cortland Ave, Chicago, IL for Sale
$1,875,000 USD
Apartments - FOR SALE
1/19
null | 6.52% Cap Rate

3572 W Cortland Ave
Chicago, IL 60647


HIGHLIGHTS

  • Phenomenal location in Logan Square neighborhood
  • Excellent Unit Mix with one, two & three bedroom units
  • Renovated asset with updated electric, plumbing, windows, room and individual furnaces
  • Six parking spaces in the rear

OVERVIEW

Introducing 3572-74 W. Cortland St., a fully rehabbed 9- unit multi-family property located in the Logan Square neighborhood. Professionally managed this stabilized investment property offers great in-place cash flow and future upside. The building has an excellent unit mix of seven (7) 2-bed / 1-bath apartments, one (1) 3-bed / 2-bath apartments, and one (1) 1-bed / 1-bath garden apartment. All units have been fully renovated combining modern conveniences with historic charm. Each unit features updated kitchens and bathrooms complete with granite counter-tops and stainless steel appliances. In addition to its cosmetic finishes, the building received numerous capital improvements including: tenant paid heat and electric, a new roof, and updated electric & plumbing. 3572-74 W. Cortland St. presents an opportunity to acquire a renovated asset with great in-place cash flow in the Logan Square neighborhood. An investor can unlock greater returns by gradually increasing rents to higher market levels over time, providing a solid cash-on-cash return for years to come.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

9

PRICE/UNIT

$208,333

CAP RATE

6.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RS-3

APN/PARCEL ID

13-35-400-033-0000

ASK ABOUT THIS PROPERTY

Harrison CohenTriton Realty Group, LLCMore Info
847-624-6639

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Harrison CohenTriton Realty Group, LLCMore Info
847-624-6639

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