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AIA /// 22 UNITS /// AUSTIN 51-57 N Pine Ave 22 Unit Apartment Building $1,800,000 ($81,818/Unit) 8.08% Cap Rate Chicago, IL 60644
INVESTMENT HIGHLIGHTS
- INCLUDES 2 BUILDING ON ONE BLOCK, 42 N. PINE & 51 N. PINE
- GRANITE COUNTERS IN KITCHENS
- PREVIOUSLY REHABBED BUILDINGS
- 1BD, 2BD & 3BD APARTMENTS
- IMMEDIATE RENTAL UPSIDE
- BUILDINGS OFFERED INDIVIDUALLY OR AS A PACKAGE
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 | $1,800,000 | Property Subtype | Apartment |
| Price Per Unit | $81,818 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.08% | Building Size | 25,000 SF |
| Gross Rent Multiplier | 6.83 | No. Stories | 3 |
| No. Units | 22 | Year Built | 1957 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $1,800,000 |
| Price Per Unit | $81,818 |
| Sale Type | Investment |
| Cap Rate | 8.08% |
| Gross Rent Multiplier | 6.83 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 25,000 SF |
| No. Stories | 3 |
| Year Built | 1957 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Smoke Detector
1 1
Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 16-09-319-033-0000 | Improvements Assessment | $57,284 |
| Land Assessment | $8,376 | Total Assessment | $65,660 |
PROPERTY TAXES
Parcel Number
16-09-319-033-0000
Land Assessment
$8,376
Improvements Assessment
$57,284
Total Assessment
$65,660
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AIA /// 22 UNITS /// AUSTIN | 51-57 N Pine Ave
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