7131-7133 S Harvard Ave - Apartments FOR SALE


Chicago, IL 60621- Englewood
$715,000 USD
773-293-5090
7131-7133 S Harvard Ave, Chicago, IL for Sale
$715,000 USD
Apartments - FOR SALE
1/5
null | 10.01% Cap Rate

7131-7133 S Harvard Ave
Chicago, IL 60621
Englewood


HIGHLIGHTS

  • Renovated Units w/ Modern Kitchens & Baths
  • All Spacious 3Bd/1Ba Units
  • Individual HVAC & Hot Water Tanks
  • 600 Amp Electric Service w/ In-Unit Breakers
  • Newer Metal Porches
  • Complete Gut Rehab (2020)

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 7133 S. Harvard, a complete gut rehab (2020), six (6) unit building located on a quiet, tree- lined street in Chicago's Greater Grand Crossing neighborhood. The property has been extremely well maintained and is situated just a few blocks from, both, the Dan Ryan Expressway and the CTA Red Line (69th Stop), both of which provide tenants with easy access to all public transportation throughout Chicago and a quick commute to Chicago’s Downtown. 7133 S. Harvard is comprised of six (6) 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: copper plumbing, code compliant porches, individual HVAC, and stainless steel appliances. 7133 S. Harvard presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Greater Grand Crossing neighborhood. With the current operation from day one, an investor will realize a 10% cap rate and a 17.27% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 11.39% and a 22.81% cash return.

FOR SALE DETAILS

PRICE

$715,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

6

PRICE/UNIT

$119,167

CAP RATE

10.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1902

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,279 SF

ZONING

-

APN/PARCEL ID

20-28-201-001-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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