8624 S Houston Ave - Apartments FOR SALE


Chicago, IL 60617- South Chicago
$549,000 USD
773-771-6415
8624 S Houston Ave, Chicago, IL for Sale
$549,000 USD
Apartments - FOR SALE
1/9
null | 9% Cap Rate

8624 S Houston Ave
Chicago, IL 60617
South Chicago


OVERVIEW

Unique opportunity to acquire a cash-flowing asset that realizes a 9% cap rate. Managing company Taty Management LLC. Full occupancy! Long-term tenants. Low rents with room to increase. It's a must-see! Brick 6 units building with six 2b/1ba apartments with a large eat-in kitchens! All units are equipped with updated kitchens and bathrooms featuring modern appliances, and granite countertops. Separate heat and water tanks for every unit. Updated electric, and copper plumbing. Everything is up to the new code. Parking is plenty on the street and a two cars brick garage in the rear. Great location close to transportation on a quiet block.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

6

PRICE/UNIT

$91,500

CAP RATE

9%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1903

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R-3

APN/PARCEL ID

21-31-426-025-0000

ASK ABOUT THIS PROPERTY

Calin PaunescuTaty Management LLCMore Info
773-771-6415

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Calin PaunescuTaty Management LLCMore Info
773-771-6415

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