6501-6503 S Hermitage Ave - Apartments FOR SALE


Chicago, IL 60636- West Englewood
$545,000 USD
312-640-7010
6501-6503 S Hermitage Ave, Chicago, IL for Sale
$545,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

6501-6503 S Hermitage Ave
Chicago, IL 60636
West Englewood


HIGHLIGHTS

  • Newly renovated in 2021.
  • Mixed use building with commercial and multi-family usage.
  • Features 5 multi-family units and 1 commercial unit.

OVERVIEW

This newly renovated (2021) 6 unit mixed use building has a very favorable unit mix featuring three 3 bed 2 bath units, two 2 bed 1 bath units and one commercial space with a full bath with near market rents in all units except 2. While there's some upside for the gross rents, this property is an easy armchair addition to your portfolio with positive cashflow and very little to no deferred maintenance. With one unit vacant - the property is easy to show as initial showings will be of the vacant unit and common areas.

FOR SALE DETAILS

PRICE

$545,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

6

PRICE/UNIT

$90,833

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

mixed use

APN/PARCEL ID

20-19-221-001-0000

ASK ABOUT THIS PROPERTY

Brandy BellBaird & WarnerMore Info
312-640-7010

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Brandy BellBaird & WarnerMore Info
312-640-7010

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