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

Multifamily Property For Sale

36 Units in Greater Grand Crossing

7643 S. Stewart, Chicago, IL 60620

Price:
$1,175,000
No. Units:
36
Building Size:
42,225 SF
Price/Unit:
$32,638.89
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
11.79%
Gross Rent Multiplier:
3.80
Find Out More...

Last Verified 11/16/2009 Listing ID 16457890

Description

This apartment investment offering is located on the northeast corner of Stewart Avenue and 77th Street, in the Greater Grand Crossing neighborhood of Chicago, Illinois. The property consists of a 36-unit apartment building and a 40+ car parking lot. The building has received several capital improvements recently that include porches, hot water tanks, hot water heater and copper plumbing. The building is comprised of two and three bedroom apartment units. This offering provides a new investor the opportunity to acquire a building with a preferred unit mix, over 1:1 parking ratio and a double digit cash return.

This apartment investment offering is located on the northeast corner of Stewart Avenue and 77th Street, in the Greater Grand Crossing neighborhood of Chicago, Illinois.

Financial Summary

Actual
Net Operating Income
$138,533

Map of 7643 S. Stewart, Chicago, IL 60620 (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 7643 S Stewart Avenue, Chicago, IL 60620

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
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 - 36 Units in Greater Grand Crossing

7643 S. Stewart, Chicago, IL, 60620