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Browse More Listings in Multifamily For Sale, Chicago, IL or Illinois

Multifamily Property For Sale

31-Units in South Shore

7851 S. Constance, Chicago, IL 60649

Price:
$750,000
No. Units:
31
Building Size:
15,450 SF
Price/Unit:
$24,193.55
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Cap Rate:
12%
Gross Rent Multiplier:
3.75
Find Out More...

Last Verified 11/16/2009 Listing ID 16457858

Description

This apartment investment offering is located on the northeast corner of Constance Avenue and 79th Street in the South Shore community of Chicago, Illinois. The mixed-use building consists of studio, one bedroom, and retail units, and has recently received several capital improvements. The landlord provides heat and hot water to the tenants, and the tenants are responsible for their electric and cooking gas. This property is being offered pre-foreclosure and subject to lender approved short sale. Please note that all financial information provided is projected and based on pro forma stabilized operations.

This apartment investment offering is located on the northeast corner of Constance Avenue and 79th Street in the South Shore community of Chicago, Illinois.

Financial Summary

Actual
Net Operating Income
$90,000

Map of 7851 S. Constance, Chicago, IL 60649 (Cook County)

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Presented by

Apartment Investment Advisers

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Contact Listing Broker

Jack Cassin (773) 799-9298

Eric Wolok (773) 799-9296

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Created 11/4/2009

Additional Information for 7851 S Constance Avenue, Chicago, IL 60649

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 31-Units in South Shore

7851 S. Constance, Chicago, IL, 60649