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Apartments For Sale • 12,744 SF
| Exceptional opportunity 15 unit, 8 garage, fully occupied (one unit under renovation) |
| $201k NOI, 8% CAP, $24k monthly cash flow from eight 2bed, seven 1bed, eight single garages, coin laundry |
| Stable tenants with multi-year leases remaining (18.1 mo avg)--some to 2028, provide value-add NPV boost |
| 5.3 year average tenant-tenure, desirable units, EZ transportation, apartment wait list |
| Inflation hedge with annual subsidized rent increases, 20yr same owner, 7 space value-add fee parking |
| East Chatham, 72 "Good" mobility, quiet, tree-lined, adjacent Metra (87th St/Woodruff), 1 mi to I-94, 1 mi to CTA Red Line |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 87th Street (Woodruff) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 0 min | 4 min | 0.0 mi |
| 83rd Street (Avalon Park) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 3 min | 11 min | 0.6 mi |
| Transit/Subway | Drive | Walk | Distance |
| 87th Street (Woodruff) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 0 min | 5 min | 0.0 mi |
| 83rd Street (Avalon Park) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 3 min | 12 min | 0.6 mi |
| 91st Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 4 min | 15 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Chicago Midway International | 23 min | - | 11.6 mi |
| Chicago O'Hare International | 45 min | - | 28.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 7 |
| Type: | Surface |
| Included in Rent: | No |