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2307 W 35th St 6 Unit Apartment Building $950,000 ($158,333/Unit) 6.28% Cap Rate Chicago, IL 60609
INVESTMENT HIGHLIGHTS
- Four (4) 2Bd/1Ba & Two (2) 1Bd/1Ba
- Kitchens feature Granite Countertops & Stainless Steel Appliances
- Onsite Laundry Facility
- Meticulously Maintained & Evident Pride of Ownership
- New Tear Off Roof (Warranty until 2030)
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively present for purchase 2307 W. 35th St, a beautiful six (6) unit building in the coveted McKinley Park neighborhood of Chicago. Just minutes from downtown, steps away from McKinley (William) Park, and a block from the 35th/Archer Metra stop, 2307 W. 35th St. is an ideally located building for any investor.
2307 W. 35th St. is conveniently comprised of four (4) 2Bd/1Ba units, and two (2) 1Bd/1Ba units. All of which feature spacious layouts, an abundance of natural light, and hardwood flooring throughout. The building has been meticulously maintained and updated over the years resulting in its fantastic shape. Improvements to building include, but are not limited to, newer windows, updated kitchens & baths, updated plumbing, masonry & tuckpointing work, and an onsite laundry facility,
2307 W. 35th St. offers an investor the opportunity to acquire a stabilized, cash-flowing asset in one the South Side's most sought after and developing neighborhoods. From day one an investor will be able to achieve a 6.28% cap rate. By raising rent to levels already being achieved in the building an investor would have the opportunity to realize a 7% cap rate.
2307 W. 35th St. is conveniently comprised of four (4) 2Bd/1Ba units, and two (2) 1Bd/1Ba units. All of which feature spacious layouts, an abundance of natural light, and hardwood flooring throughout. The building has been meticulously maintained and updated over the years resulting in its fantastic shape. Improvements to building include, but are not limited to, newer windows, updated kitchens & baths, updated plumbing, masonry & tuckpointing work, and an onsite laundry facility,
2307 W. 35th St. offers an investor the opportunity to acquire a stabilized, cash-flowing asset in one the South Side's most sought after and developing neighborhoods. From day one an investor will be able to achieve a 6.28% cap rate. By raising rent to levels already being achieved in the building an investor would have the opportunity to realize a 7% cap rate.
PROPERTY FACTS
| Price | $950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $158,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.28% | Building Size | 5,661 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Zoning | RT-4 | ||
| Price | $950,000 |
| Price Per Unit | $158,333 |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,661 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | RT-4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+1 | 4 | - | 800 |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 17-31-300-033-0000 | Improvements Assessment | $43,638 |
| Land Assessment | $23,362 | Total Assessment | $67,000 |
PROPERTY TAXES
Parcel Number
17-31-300-033-0000
Land Assessment
$23,362
Improvements Assessment
$43,638
Total Assessment
$67,000
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2307 W 35th St
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