5201 W Schubert Ave - Apartments FOR SALE


Chicago, IL 60639- Cragin
$1,500,000 USD
773-293-5015
5201 W Schubert Ave, Chicago, IL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/7
null | 7.62% Cap Rate

5201 W Schubert Ave
Chicago, IL 60639
Cragin


HIGHLIGHTS

  • Recent Capex Completed: Copper Plumbing, Separate HVAC Systems In-Unit, Newer Vinyl Windows, 400 AMP Electrical Service
  • Updated Kitchens & Baths
  • Six (6) 1Bd/1Ba & Six (6) 2Bd/1Ba Units
  • Upgraded 12-Unit in Belmont Cragin Neighborhood

OVERVIEW

Kiser Group is pleased to present 5201 W. Schubert Ave, a well-maintained 12-unit apartment building in Chicago’s Belmont Cragin neighborhood. The property features (6) one-bedroom and (6) two-bedroom units, all with updated kitchens and baths. Recent improvements include separate HVAC systems in each unit, five of which have A/C, newer vinyl windows, copper plumbing, enclosed porches, and 400 AMPS electrical service. 5201 W. Schubert Ave presents an investor with the opportunity to acquire a stable, cash-flowing asset with a strong 7.62% cap rate from day one. Investors can further enhance value through minor cosmetic updates to kitchens, baths, and common areas, along with the potential to add two basement units, which are already equipped with furnaces and electrical meters

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

7.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,008 SF

ZONING

B4-1, Chicago

APN/PARCEL ID

13-28-311-031-0000

ASK ABOUT THIS PROPERTY

Danny LogarakisKiser GroupMore Info
773-293-5015

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Danny LogarakisKiser GroupMore Info
773-293-5015

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