6308 S Albany Ave - Apartments FOR SALE


Chicago, IL 60629
$465,000 USD
773-293-5056
6308 S Albany Ave, Chicago, IL for Sale
$465,000 USD
Apartments - FOR SALE
1/5
null | 6.04% Cap Rate

6308 S Albany Ave
Chicago, IL 60629


HIGHLIGHTS

  • Two (2) Retail, Four (4) 2Bd/1Ba & Two (2) 1Bd/1Ba Units
  • Individually Furnaced
  • Spacious Unit Layouts
  • Significant Rental Upside
  • Renovated, Rent-Ready West Retail Space

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 6308 S. Albany Ave, an eight (8) unit building in the Chicago Lawn neighborhood. The subject site sits on a corner lot close to many popular retail attractions in the Southwest side of Chicago, and is close to various bus stops providing transportation via Chicago’s Metra System. 6308 S. Albany Ave is comprised of two (2) retail spaces, two (2) 1Bd/1Ba, and four (4) 2Bd/1Ba units. Capital improvements include, but are not limited to, the addition of individual furnaces and three (3) units with in-apartment laundry. Additionally, the west retail space has been renovated and is rent-ready. 6308 S. Albany Ave presents an investor with the unique opportunity to acquire an asset with tremendous upside. A potential new owner has the ability to capitalize by renovating units and stabilize rents at levels being achieved in the market. Through this, a new owner can achieve a cap rate of 11.78% and a cash return of over 24%.

FOR SALE DETAILS

PRICE

$465,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

8

PRICE/UNIT

$58,125

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,809 SF

ZONING

B1-1

APN/PARCEL ID

19-24-101-008-0000

ASK ABOUT THIS PROPERTY

John GeorgeKiser GroupMore Info
773-293-5056

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John GeorgeKiser GroupMore Info
773-293-5056

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