7800 S Coles Ave - Apartments FOR SALE


Chicago, IL 60649
$1,089,000 USD
773-293-5032
7800 S Coles Ave, Chicago, IL for Sale
$1,089,000 USD
Apartments - FOR SALE
1/14
null | 9.48% Cap Rate

7800 S Coles Ave
Chicago, IL 60649


OVERVIEW

Kiser Group is pleased to exclusively present for purchase 7800 S. Coles a beautiful eleven (11) California-style building located in Chicago's historic South Shore Neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago’s Lake Shore Drive which provides tenants easy access to Chicago’s downtown in roughly fifteen minutes. 7800 S. Coles is comprised of five (5) 1b/1ba and six (6) 2bd/1ba. The units all feature hardwood flooring throughout and updated LVP flooring where necessary. Furthermore, additional improvements to the building consist of but are not limited to, in-unit HVAC, all copper plumbing, an updated roof, laundry access for tenants, and a paved parking lot in the rear. 7800 S. Coles presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of 9.48%. 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 further improve cash returns.

FOR SALE DETAILS

PRICE

$1,089,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

11

PRICE/UNIT

$99,000

CAP RATE

9.48%

% LEASED

45%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,716 SF

ZONING

R4, Chicago

APN/PARCEL ID

21-30-410-010-0000

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

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