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

Multifamily Property For Sale

15-Unit Bank Owned Apartment Building

1147 N. Leclaire, Chicago, IL 60651

Price:
$525,000
No. Units:
15
Building Size:
10,800 SF
Price/Unit:
$35,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Cap Rate:
10.27%
Gross Rent Multiplier:
4.63
Find Out More...

Last Verified 11/17/2009 Listing ID 16457906

Description

This apartment investment offering is located at 1147 N. Leclaire Avenue, in the Austin neighborhood, on the west side of Chicago, Illinois. The property includes a 15-unit apartment building with nine (9) one bedroom, one bath apartments and six (6) two bedroom, one bath apartments. The building has been improved with new windows, new entry doors, and all units have individual GFA units. The building was recently foreclosed on and is now bank owned (REO). The new investor will find added value in light to moderate rehab and stabilization. Please note that all financials are based on projected pro forma operations.

This apartment investment offering is located at 1147 N. Leclaire Avenue, in the Austin neighborhood, on the west side of Chicago, Illinois.

Financial Summary

Actual
Net Operating Income
$53,918

Map of 1147 N. Leclaire, Chicago, IL 60651 (Cook County)

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Apartment Investment Advisers

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Contact Listing Broker

Jack Cassin (773) 799-9298

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Created 11/4/2009

Additional Information for 1147 N Leclaire Avenue, Chicago, IL 60651

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 - 15-Unit Bank Owned Apartment Building

1147 N. Leclaire, Chicago, IL, 60651