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8301 S Racine Ave 1155 W 83rd St 43 Unit Apartment Building $2,800,000 ($65,116/Unit) 10.10% Cap Rate Chicago, IL 60620
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Opportunity to Add Value by Leasing Vacant, Rent Ready Units
- Owned and Operated by Local Owner for 20+ Years
- 65K/Unit
- Significant Rental Upside, Rents Are +50% Below Market
- Located Within Walking Distance to Gresham Metra RI Line Stop
Executive Summary
Nara Realty Advisors is pleased to exclusively market for sale 8301 S Racine Ave, a 43-unit apartment building located in Chicago's Auburn Gresham neighborhood.
Property Facts
| Price | $2,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $65,116 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 10.10% | Building Size | 30,000 SF |
| No. Units | 43 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | B3-2 | ||
| Price | $2,800,000 |
| Price Per Unit | $65,116 |
| Sale Type | Investment |
| Cap Rate | 10.10% |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 30,000 SF |
| No. Stories | 4 |
| Year Built | 1928 |
| Opportunity Zone |
Yes |
| Zoning | B3-2 |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-32-400-037-0000 | Improvements Assessment | $233,210 |
| Land Assessment | $10,490 | Total Assessment | $243,700 |
Property Taxes
Parcel Number
20-32-400-037-0000
Land Assessment
$10,490
Improvements Assessment
$233,210
Total Assessment
$243,700
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Contact the Sale Advisor
8301 S Racine Ave | 1155 W 83rd St