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2438 W 25th St 4 Unit Apartment Building $525,000 ($131,250/Unit) 8.66% Cap Rate Chicago, IL 60608
INVESTMENT HIGHLIGHTS
- Gut Renovated 2021
- New Individual Furnaces & Water Heaters
- Modern Finishes Throughout
- New Central Air Conditioning Condensers
- Opportunity to Add Value with 5th Legal Unit
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively present for purchase 2438 W. 25th Street, a newly renovated legal four (4) unit building in the heart of Chicago's Lower West Side. The
building features a three (3) unit walk up accompanied by a duplex coach house. The property sits on a tree lined street just one (1) block from Western Avenue, with immediate
access to CTA & Metra stations, as well as Interstate 55. 2438 W. 25th Street has undergone a complete gut renovation in the past five (5) years and has been meticulously maintained since. The building is equipped with copper plumbing, updated electric service, individual water heaters and furnaces in unit, and central air conditioning to all of the units. Units are fitted with modern finishes including granite counter tops, stainless steel appliances, and LVP flooring throughout.
2438 W. 25th Street is currently being operated as a four (4) unit building with an in place cap rate of 8%. A new investor can capitalize on the fifth (5th) unit to improve returns and achieve a cap rate approaching 12%.
building features a three (3) unit walk up accompanied by a duplex coach house. The property sits on a tree lined street just one (1) block from Western Avenue, with immediate
access to CTA & Metra stations, as well as Interstate 55. 2438 W. 25th Street has undergone a complete gut renovation in the past five (5) years and has been meticulously maintained since. The building is equipped with copper plumbing, updated electric service, individual water heaters and furnaces in unit, and central air conditioning to all of the units. Units are fitted with modern finishes including granite counter tops, stainless steel appliances, and LVP flooring throughout.
2438 W. 25th Street is currently being operated as a four (4) unit building with an in place cap rate of 8%. A new investor can capitalize on the fifth (5th) unit to improve returns and achieve a cap rate approaching 12%.
PROPERTY FACTS Under Contract
| Price | $525,000 | Apartment Style | Garden |
| Price Per Unit | $131,250 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 4,700 SF |
| Cap Rate | 8.66% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1885/2020 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 | ||
| Price | $525,000 |
| Price Per Unit | $131,250 |
| Sale Type | Investment |
| Cap Rate | 8.66% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.07 AC |
| Building Size | 4,700 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1885/2020 |
| Zoning | RT-4 |
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Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 16-25-216-010-0000 | Improvements Assessment | $36,111 |
| Land Assessment | $4,315 | Total Assessment | $40,426 |
PROPERTY TAXES
Parcel Number
16-25-216-010-0000
Land Assessment
$4,315
Improvements Assessment
$36,111
Total Assessment
$40,426
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2438 W 25th St
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