4431-4433 N Racine Ave - Apartments FOR SALE


Chicago, IL 60640
$1,997,500 USD
312-423-7934
4431-4433 N Racine Ave, Chicago, IL for Sale
$1,997,500 USD
Apartments - FOR SALE
1/19
null | 5.86% Cap Rate

4431-4433 N Racine Ave
Chicago, IL 60640


OVERVIEW

6 units with 5 parking spaces. Upgrading the heating system to forced air, with rents already at $2,500+. After the heating upgrade, rents will be even higher, and tenants will take on heating expenses, reducing operating costs. The heating system has already been upgraded in two units, and work is ongoing in the remaining four units. Also have been approved for the ADU to add 2 additional units in the basement as value add. Financing options are being considered, and there is an assumable loan available at favorable rate.

FOR SALE DETAILS

PRICE

$1,997,500 USD

PRICE/SF

$235 USD /SF

# OF UNITS

6

PRICE/UNIT

$332,917

CAP RATE

5.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1903

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RT-4

APN/PARCEL ID

14-17-224-005-0000

ASK ABOUT THIS PROPERTY

Anastasia LytvynUniconte LLCMore Info
312-423-7934

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

Anastasia LytvynUniconte LLCMore Info
312-423-7934

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