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AIA /// 74 UNITS /// AUSTIN 330 N Pine Ave 74 Unit Apartment Building $5,150,000 ($69,595/Unit) 10.21% Cap Rate Chicago, IL 60644
INVESTMENT HIGHLIGHTS
- STUDIO, 1BD & 2BD APARTMENTS
- AHSAP 35% REDUCED TAX STATUS
- STEPS TO CTA GREEN LINE TRAIN STATION
- 74 UNITS UNDER ONE ROOF
- IMMEDIATE RENTAL UPSIDE
- 1 BLOCK FROM LEVIN PARK
EXECUTIVE SUMMARY
Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
PROPERTY FACTS
| Price | $5,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $69,595 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.50 AC |
| Cap Rate | 10.21% | Building Size | 50,000 SF |
| Gross Rent Multiplier | 5.26 | Average Occupancy | 97% |
| No. Units | 74 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1926/2007 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RT-4,B3-2 | ||
| Price | $5,150,000 |
| Price Per Unit | $69,595 |
| Sale Type | Investment |
| Cap Rate | 10.21% |
| Gross Rent Multiplier | 5.26 |
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 50,000 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1926/2007 |
| Opportunity Zone |
Yes |
| Zoning | RT-4,B3-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (77)
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 16-09-300-009-0000 | Improvements Assessment | $123,597 |
| Land Assessment | $16,999 | Total Assessment | $140,596 |
PROPERTY TAXES
Parcel Number
16-09-300-009-0000
Land Assessment
$16,999
Improvements Assessment
$123,597
Total Assessment
$140,596
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MATTERPORT 3D TOUR
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AIA /// 74 UNITS /// AUSTIN | 330 N Pine Ave
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