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3247 S Emerald Ave
Chicago, IL 60616
3247 South Emerald. Chicago · Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Seven Spacious Units - Each with 2 large bedrooms and 1 full bath
- Secure Entry - Key fob access + individual tenant storage units
- Just 1 block from the newly built Chicago Police Station - Surrounded by shops and restaurants
- Modern Finishes - Hardwood floors, high ceilings, and in-unit washer dryer and furnaces
- Prime Location - Walk to U.S. Cellular Field, Red Line, and Starbucks
- Well-Maintained Brick Building - Strong rental history and turn-key investment
EXECUTIVE SUMMARY
Turnkey 7 Unit All-Brick Apartment Building in Prime Location!
This well-maintained 7 unit-property features spacious 2-bedroom, 1-bath units with hardwood floors, high ceilings, and in-unit washer/dryers. Each unit includes access to individual storage and key fob entry for secure tenant access. Located just one block from the police station, and a short walk to U.S. Cellular Field, Red Line, Starbucks, and a variety of local shops and restaurants. Excellent rental history and strong area demand make this a smart investment opportunity.
Rare Chicago Portfolio - Three Fully-Renovated Brick Multi-Use Buildings: 3600 S. Halsted | 3227 S. Halsted | 3247 S. Emerald.
Incredible opportunity to acquire a portfolio of three solid brick apartment buildings in prime Chicago locations. This investment package includes a total of 27 residential units and 3 commercial storefronts, all with updated interior, excellent tenant history, and strong cash flow.
This well-maintained 7 unit-property features spacious 2-bedroom, 1-bath units with hardwood floors, high ceilings, and in-unit washer/dryers. Each unit includes access to individual storage and key fob entry for secure tenant access. Located just one block from the police station, and a short walk to U.S. Cellular Field, Red Line, Starbucks, and a variety of local shops and restaurants. Excellent rental history and strong area demand make this a smart investment opportunity.
Rare Chicago Portfolio - Three Fully-Renovated Brick Multi-Use Buildings: 3600 S. Halsted | 3227 S. Halsted | 3247 S. Emerald.
Incredible opportunity to acquire a portfolio of three solid brick apartment buildings in prime Chicago locations. This investment package includes a total of 27 residential units and 3 commercial storefronts, all with updated interior, excellent tenant history, and strong cash flow.
PROPERTY FACTS
| Price Per Unit | $242,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 7.24% | Building Size | 6,705 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1907/2013 |
| Apartment Style | Low-Rise | ||
| Zoning | 10 | ||
| Price Per Unit | $242,714 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,705 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1907/2013 |
| Zoning | 10 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Smoke Free
SITE AMENITIES
- Smoke Free
- Wi-Fi
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
PROPERTY TAXES
| Parcel Number | 17-33-109-010-0000 | Improvements Assessment | $57,597 |
| Land Assessment | $22,705 | Total Assessment | $80,302 |
PROPERTY TAXES
Parcel Number
17-33-109-010-0000
Land Assessment
$22,705
Improvements Assessment
$57,597
Total Assessment
$80,302
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