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14121 S Stewart Ave
Riverdale, IL 60827
Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- 100% Occupied, Recently Updated Building
EXECUTIVE SUMMARY
Beautifully updated 18-unit apartment building. The building consists of 2 - 1 Bedroom units and 16 - 2 Bedroom units. 13 of the 18 units were
recently (2024) updated with new kitchens, baths, flooring and appliances. The roof was replaced in 2024. Coin laundry room available, providing
additional income. Landlord is responsible for gas, water, garbage, and common area electric. Building priced at a 13% Cap Rate, with a near term
upside potential of 15% pro forma Cap Rate. Call listing agent for additional details and to schedule an appointment.
recently (2024) updated with new kitchens, baths, flooring and appliances. The roof was replaced in 2024. Coin laundry room available, providing
additional income. Landlord is responsible for gas, water, garbage, and common area electric. Building priced at a 13% Cap Rate, with a near term
upside potential of 15% pro forma Cap Rate. Call listing agent for additional details and to schedule an appointment.
PROPERTY FACTS
| Price Per Unit | $83,278 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 12,600 SF |
| Cap Rate | 13.80% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-4, Riverdale - Multi Family Residental District | ||
| Price Per Unit | $83,278 |
| Sale Type | Investment |
| Cap Rate | 13.80% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 12,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2024 |
| Parking Ratio | 0.83/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4, Riverdale - Multi Family Residental District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,150 | 825 |
| 2+1 | 16 | $1,388 | 900 - 950 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $52,016 | |
| Land Assessment | $5,312 | Total Assessment | $57,328 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,312
Improvements Assessment
$52,016
Total Assessment
$57,328
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