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1422-1424 W Garfield Blvd 18 Unit Apartment Building $1,300,000 ($72,222/Unit) 10.40% Cap Rate Chicago, IL 60609
Investment Highlights
- Strong Unit Mix: [8] 1BD/1BA | [8] 2BD/1BA | [2] 3BD/1BA
- Significant Rental Upside
- 600 Amp Electric Service with In-Unit Breakers
- Individual Furnaces & Hot Water Tanks
- Located on the Arterial Garfield Boulevard
Executive Summary
Nara Advisors is pleased to exclusively market for sale 1422 W Garfield Blvd, an 18-unit apartment building located in Chicago's Englewood neighborhood.
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $72,222 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 18,679 SF |
| Cap Rate | 10.40% | Average Occupancy | 95% |
| No. Units | 18 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | RT-4, Chicago - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $1,300,000 |
| Price Per Unit | $72,222 |
| Sale Type | Investment |
| Cap Rate | 10.40% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 18,679 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | RT-4, Chicago - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Elevator
- Walk-Up
- Smoke Detector
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-08-319-035-0000 | Improvements Assessment | $90,207 |
| Land Assessment | $6,893 | Total Assessment | $97,100 |
Property Taxes
Parcel Number
20-08-319-035-0000
Land Assessment
$6,893
Improvements Assessment
$90,207
Total Assessment
$97,100
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1422-1424 W Garfield Blvd
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