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 | 5 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 |
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 |