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1227 N Springfield Ave - Rehabbed and Turn Key 2-unit w/bonus 3rd unit 3 Unit Apartment Building Offered at $550,000 at a 9.45% Cap Rate Chicago, IL 60651
EXECUTIVE SUMMARY
Recently rehabbed to the studs. Great location, close to downtown. Each of the 3 units includes High-End finishes, Stainless steel appliances, Washer/Dryer in the Basement. High-End bathrooms. Central Air/Heat. Good-sized bedrooms. Large Living/Dining. Parking is in the back Fully rented with great tenants. Listed at a 9-CAP! Perfect for investors. Legal 2 unit, but zoning ok for an upgrade to 3 units with the ADU program
PROPERTY FACTS
| Price | $550,000 | Building Size | 3,600 SF |
| Price Per Unit | $183,333 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 9.45% | Year Built/Renovated | 1910/2023 |
| No. Units | 3 | Parking Ratio | 0.83/1,000 SF |
| Property Type | Multifamily |
| Price | $550,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 9.45% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2023 |
| Parking Ratio | 0.83/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 3 | $1,600 | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (71)
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1227 N Springfield Ave - Rehabbed and Turn Key 2-unit w/bonus 3rd unit
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