4.43% Loan - 80% LTV - The 45 Portfolio Multi-Family FOR SALE


Chicago, IL - Bronzeville
$10,125,000 USD
630-550-1515
, Chicago, IL for Sale
$10,125,000 USD
Multi-Family - FOR SALE
1/13
null | 7.04% Cap Rate

4.43% Loan - 80% LTV - The 45 Portfolio
Chicago, IL
Bronzeville


HIGHLIGHTS

  • 4201: Interest Rate: 4.95% Maturity Date: 04/01/2029, Cash on Cash: (COC) 7.8%.
  • 4201: Debt Service Coverage Ratio (DSCR) 1.4.
  • 4201: Loan To Value (LTV) 77%.
  • 4750: Assumable Fannie Mae Loan - Servicer Greystone, Interest Rate: 4.43% Maturity Date: 04/01/2030.
  • 4750: Debt Service Coverage Ratio (DSCR) 1.45.
  • 4750: Loan To Value (LTV) 80%.

OVERVIEW

Sale is subject to offer. Two-building multifamily portfolio totaling 45 units in Chicago's Bronzeville neighborhood. Buildings may be purchased together or separately. 4201 S Michigan Ave is a 21-unit renovated Multifamily building located in Bronzeville. The unit mix consists of (15) 2 Bed 2 Bath units and (6) 3 Bed 2 Bath Duplex units. All units have been updated with newer kitchen and baths. The apartments are very spacious and equipped with hardwood flooring, high-end appliances and in-unit laundry. Capital improvements consist of newer electrical service, newer in-unit furnaces and water tanks, newer roof and newer windows. 4750 S Michigan Ave is a 24-unit, recently gut-rehabbed multifamily property (2019) located in Bronzeville. The desirable unit mix consists of (2) 1 Bed 1 Bath, (11) 2 Bed 2 Bath units and (11) 3 Bed 3 Bath units. The apartments are very spacious and equipped with hardwood flooring, high-end appliances and in-unit laundry. Capital improvements consist of new in-unit furnaces and water tanks, new electrical services totaling 3200AMPs, new roof and new windows.

ASK ABOUT THIS PROPERTY

Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

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Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

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