8241 S Langley Ave - Apartments FOR SALE


Chicago, IL 60619
$450,000 USD
773-293-5090
8241 S Langley Ave, Chicago, IL for Sale
$450,000 USD
Apartments - FOR SALE
1/1
null | 11.43% Cap Rate

8241 S Langley Ave
Chicago, IL 60619


HIGHLIGHTS

  • Prime Chatham Location
  • Value Add Opportunity
  • Nine (9) 2Bd/1Ba Units
  • Brand New Boiler

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 8241 S. Langley Ave, a nine (9) unit building in Chicago's historic Chatham neighborhood. The location offers convenient access to CTA bus and train stops, I-94, and Chicago's downtown. 8241 S. Langley Ave is solely comprised of nine (9) 2Bd/1Ba units. All of which feature spacious layouts and hardwood floors throughout. Highlights of the building include, but are not limited to, a brand new boiler, updated kitchens & baths, copper plumbing, and a two (2) car garage. 8241 S. Langley presents an investor with the opportunity to acquire a true value add deal. Through improved leasing and management, as well as minor renovations of the apartments, Langley's next owner has the ability to create a significantly cash flowing asset.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$41 USD /SF

# OF UNITS

9

PRICE/UNIT

$50,000

CAP RATE

11.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R4, Chicago

APN/PARCEL ID

20-34-230-013-0000

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.