3075 E Cheltenham Pl | Chicago, IL 60649
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- LoopNet Team
3075 E Cheltenham Pl
Chicago, IL 60649
Cheltenham Place · Multifamily Property For Sale
·
60 Units
Investment Highlights
- Stabilized / Proforma Cap Rate of 9.10% / 10.85% Cash on Cash: 13.64% / 20.65%
- Below Market Rents and High Vacancy Provide Immediate Upside
- Recent $2,000,000+ Renovation Completed
- Strong South Shore Location – Steps from Lake Michigan and the $20B Quantum Computing Campus Development
Property Facts
| No. Units | 60 | Building Size | 39,652 SF |
| Property Type | Multifamily | Average Occupancy | 33% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 0.81/1,000 SF |
| Lot Size | 0.63 AC | ||
| Zoning | RM-5 | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 39,652 SF |
| Average Occupancy | 33% |
| No. Stories | 4 |
| Year Built | 1951 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | RM-5 |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 420 |
| 1+1 | 58 | - | 480 - 550 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $331,000 | |
| Land Assessment | $21,944 | Total Assessment | $352,944 |
Property Taxes
Parcel Numbers
Land Assessment
$21,944
Improvements Assessment
$331,000
Total Assessment
$352,944
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