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10801 S Prairie Ave
Chicago, IL 60628
Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- All units rehabbed 2024-25. New stainless appliances, new and/or refinished flooring, new bathroom fixtures
EXECUTIVE SUMMARY
Fully stabilized, fully rehabbed building with heavy concentration of subsidy tenants including CHA and other HUD based subsidies.
PROPERTY FACTS Under Contract
| Price Per Unit | $73,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 15.91% | Building Size | 18,000 SF |
| No. Units | 15 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1923/2024 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RS-3 - Residential Single-Unit District | ||
| Price Per Unit | $73,333 |
| Sale Type | Investment |
| Cap Rate | 15.91% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1923/2024 |
| Opportunity Zone |
Yes |
| Zoning | RS-3 - Residential Single-Unit District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $1,050 | - |
| 1+1 | 4 | $1,275 | - |
| 2+1 | 8 | $1,550 | - |
PROPERTY TAXES
| Parcel Number | 25-15-313-001-0000 | Improvements Assessment | $64,000 |
| Land Assessment | $10,200 | Total Assessment | $74,200 |
PROPERTY TAXES
Parcel Number
25-15-313-001-0000
Land Assessment
$10,200
Improvements Assessment
$64,000
Total Assessment
$74,200
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