14507-14511 S Torrence Ave | Chicago, IL 60633
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14507-14511 S Torrence Ave
Chicago, IL 60633
14501-14507 S Torrence Ave. Burnham, IL · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Strong Performing Asset - Current Cap Rate 7.06%
- Sixteen of Twenty-Four Units Recently Renovated
- Many Recent Capital Improvements Including a New TPO Roof (2021)
- Solid In-Place Cash Flow
- Value-Add Opportunity - 15% Rental Increases on Remodeled Units
- Conveniently Located Within Minutes of I-94
Property Facts
| No. Units | 24 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 20,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2020 |
| Building Class | C |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 20,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1962/2020 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 650 |
| 2+1 | 12 | - | 775 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $47,637 | |
| Land Assessment | $4,050 | Total Assessment | $51,687 |
Property Taxes
Parcel Numbers
Land Assessment
$4,050
Improvements Assessment
$47,637
Total Assessment
$51,687
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