701 S 5th Ave - Apartments FOR SALE


Maywood, IL 60153
$2,150,000 USD
606-375-5398
701 S 5th Ave, Maywood, IL for Sale
$2,150,000 USD
Apartments - FOR SALE
1/3
null | 10.73% Cap Rate

701 S 5th Ave
Maywood, IL 60153


OVERVIEW

CRER is pleased to present a 26-unit mixed use building in Maywood, IL. The unit mix includes (2) 2 bedroom, 2 bath, (4) 1 bedroom, 1 bath, (14) studio, and (6) commercial units. Recent upgrades to the building include newer windows, hot water tanks, updated electric/plumbing, and individual furnaces. There is a laundry room in the building with two washers and two dryers as well as on-site parking. The property is zoned C-2 and is situated on a 41,250 Sq. Ft. parcel of land. There is an opportunity to assume the existing loan with a fixed interest rate of 4.10% and LTV of 77%. https://www.crer.com/properties/701-s-5th-ave-maywood-il-60153/

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$24 USD /SF

# OF UNITS

26

PRICE/UNIT

$82,692

CAP RATE

10.73%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,251 SF

ZONING

C-2

APN/PARCEL ID

15-11-344-001-0000

ASK ABOUT THIS PROPERTY

Finley AskinChicago Real Estate ResourcesMore Info
606-375-5398

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Finley AskinChicago Real Estate ResourcesMore Info
606-375-5398

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