7648 S Phillips Ave - Apartments FOR SALE


Chicago, IL 60649
$2,525,000 USD
312-610-1074
7648 S Phillips Ave, Chicago, IL for Sale
$2,525,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

7648 S Phillips Ave
Chicago, IL 60649


HIGHLIGHTS

  • Professional Offering Memorandum Available Upon Request
  • Great In-Place Rents: Investor to Receive 10.1% Cap Returns on Day One
  • 18 Subsidy Tenants
  • Unit Mix of Studio, One, Two, and Three Bedroom Units
  • Laundry Facilities On-Site
  • Close Proximity to The Obama Presidential Library and Proposed Quantum Computing Campus

OVERVIEW

Essex Realty Group. Inc. has been exclusively engaged to market for sale 7648 S Phillips Ave, a 31-unit multifamily property in Chicago's South Shore neighborhood.

FOR SALE DETAILS

PRICE

$2,525,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

31

PRICE/UNIT

$81,452

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,606 SF

ZONING

RT-4

APN/PARCEL ID

21-30-307-022-0000

ASK ABOUT THIS PROPERTY

Robert BermanEssex Realty Group, LLCMore Info
312-610-1074

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Robert BermanEssex Realty Group, LLCMore Info
312-610-1074

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