6957-59 S Wabash Ave - Apartments FOR SALE


Chicago, IL 60637- Greater Grand Crossing
$2,150,000 USD
773-293-5032
6957-59 S Wabash Ave, Chicago, IL for Sale
$2,150,000 USD
Apartments - FOR SALE
1/5
null | 9.07% Cap Rate

6957-59 S Wabash Ave
Chicago, IL 60637
Greater Grand Crossing


HIGHLIGHTS

  • Completely Gut Renovated
  • Sixteen (16) 2Bd/1Ba & Three (3) 3Bd/1Ba
  • New Kitchens & Baths
  • Individual HVAC
  • 1200 Amp Electric Service
  • In-Unit Washer + Dryer

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 6957 S. Wabash, a nineteen (19) unit apartment building located in the Grand Crossing neighborhood of Chicago’s South Side. Sitting just north of Chatham, 6957 S. Wabash is located on a quiet block of Park Mano roughly 2 blocks away from Chicago’s Red Line “El” train station at 69th and the Dan Ryan Expressway. 6957 S. Wabash is comprised of sixteen (16) 2Bd/1Ba units and three (3) 3Bd/1Ba units. Each unit boasts an open and spacious layout consisting of hardwood floors, large separate living rooms, and individually furnaced apartments. Recent improvements to the building consist of, but not limited to: newer (2019) hot water heater, a 1200 amp electric service, in unit washer/ dryer, and stainless steel appliances. 6957 S. Wabash presents an investor an incredible opportunity to acquire a stabilized, cash flowing asset in Chicago’s Grand Crossing neighborhood. With the current operation from day one, an investor will realize over a 9% cap rate and a 13.5% cash return.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

19

PRICE/UNIT

$113,158

CAP RATE

9.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,710 SF

ZONING

R3, Chicago

APN/PARCEL ID

20-22-313-022-0000

ASK ABOUT THIS PROPERTY

Aaron SklarBirk | Sklar TeamMore Info
773-293-5032

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Aaron SklarBirk | Sklar TeamMore Info
773-293-5032

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