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342 E 71st St 10 Unit Apartment Building $1,050,000 ($105,000/Unit) 11.40% Cap Rate Chicago, IL 60619
INVESTMENT HIGHLIGHTS
- Professional Offering Memorandum Available Upon Request
- Cash Flowing Asset: Incoming Investor is Positioned to Achieve a 9.7% Cap Rate Day One
- Individually Furnaced Units: Tenants Pay Gas in this Building
- Strong Unit Mix: [10] 2-Bed/1-Bath Units | [4] Commercial Units
- Situated Near I-94 & I-90 Expressways, Providing Easy Access to Downtown Chicago
- Professionally Operated and Meticulously Maintained by Local Owner
EXECUTIVE SUMMARY
Nara Advisors is pleased to exclusively market for sale 342 E 71st St, a 14-unit mixed-use building located in Chicago's Greater Grand Crossing neighborhood.
PROPERTY FACTS
| Price | $1,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $105,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 11.40% | Building Size | 10,000 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1916 |
| Property Subtype | Apartment | Parking Ratio | 0.33/1,000 SF |
| Zoning | B4-4, Chicago - Business | ||
| Price | $1,050,000 |
| Price Per Unit | $105,000 |
| Sale Type | Investment |
| Cap Rate | 11.40% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 1916 |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | B4-4, Chicago - Business |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (74)
PROPERTY TAXES
| Parcel Number | 20-22-326-016-0000 | Improvements Assessment | $146,014 |
| Land Assessment | $9,687 | Total Assessment | $155,701 |
PROPERTY TAXES
Parcel Number
20-22-326-016-0000
Land Assessment
$9,687
Improvements Assessment
$146,014
Total Assessment
$155,701
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342 E 71st St
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