Log In/Sign Up
Your email has been sent.
1721-1725 E 79th St 24 Unit Apartment Building $2,100,000 ($87,500/Unit) 11.20% Cap Rate Chicago, IL 60649
Investment Highlights
- The property is located just blocks from I-94
- 8 out of 9 residential occupied units are subsidy tenants & 2 out of 3 commercial units have been occupied for 5+ years
- This asset is poised to return a 9.9% cap rate through the strategic lease up of vacant units
- Averaging $1,200 for 1-Beds
- With high rent potential and a competitive market
Executive Summary
Nara Advisors is pleased to exclusively market for sale 7900 S Ridgeland, a 23-unit mixed-use building located in Chicago's South Shore neighborhood.
Property Facts
| Price | $2,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $87,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 11.20% | Building Size | 13,890 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | B3-2 | ||
| Price | $2,100,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 11.20% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 13,890 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Opportunity Zone |
Yes |
| Zoning | B3-2 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
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 | 20 | - | - |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 20-36-101-009-0000 | Improvements Assessment | $77,643 |
| Land Assessment | $5,363 | Total Assessment | $83,006 |
Property Taxes
Parcel Number
20-36-101-009-0000
Land Assessment
$5,363
Improvements Assessment
$77,643
Total Assessment
$83,006
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1721-1725 E 79th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.