1333 W Flournoy St 5 Unit Apartment Building $1,200,000 ($240,000/Unit) 6% Cap Rate Chicago, IL 60607

The attached subject opportunity is a five-unit apartment building located in Chicago's University Village Neighborhood. The apartments feature a mix of finish levels but all have hardwood flooring, some have dishwashers, and all have individual furnaces and hot-water heaters. Additionally, there is common area laundry located in the basement of the property.
The attached subject building creates a unique opportunity for a new investor to step into a well-located asset in a low-velocity neighborhood with a large value-ad component. New ownership has the ability to rehab the apartments and push the rents significantly over time.