7540-7542 S Kingston Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$550,000 USD
773-293-5090
7540-7542 S Kingston Ave, Chicago, IL for Sale
$550,000 USD
Apartments - FOR SALE
1/5
null | 9.02% Cap Rate

7540-7542 S Kingston Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Six (6) 3Bd/2Ba Units
  • Spacious Layouts
  • Prime South Shore Location
  • New boiler (2023)

OVERVIEW

7542 S. Kingston presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of 9.00% and a cash return of 13%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could increase the cap rate to over 11% and a cash return of 22.34%.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$51 USD /SF

# OF UNITS

6

PRICE/UNIT

$91,667

CAP RATE

9.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,024 SF

ZONING

RT-4

APN/PARCEL ID

21-30-302-014-0000

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.