2034-2040 W Hood Ave | Chicago, IL 60659
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- LoopNet Team
2034-2040 W Hood Ave
Chicago, IL 60659
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Located in West Ridge, Chicago, under 10 minute walk to Peterson/Ridge UP North Metra station, offering convenient access to transportation
- Roughly 80% of this property's tenants, and their rents, are secured by various social service organizations
- 8.03% Cash on Cash return Year 1; over 12% Pro-Forma Cash on Cash return potential
- Features 10 one-bedroom units, 13 revenue-generating parking spaces, and one non-conforming garden unit generating over $11,000 of additional income
- Clear pathway to adjust rents to market levels through collaboration with tenant organizations
PROPERTY FACTS
| No. Units | 10 | Building Size | 6,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.7/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | RS-3 - Residential Single-Unit District | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | RS-3 - Residential Single-Unit District |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 600 |
PROPERTY TAXES
| Parcel Number | 14-06-120-003-0000 | Improvements Assessment | $34,720 |
| Land Assessment | $45,880 | Total Assessment | $80,600 |
PROPERTY TAXES
Parcel Number
14-06-120-003-0000
Land Assessment
$45,880
Improvements Assessment
$34,720
Total Assessment
$80,600
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