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AIA /// 42 UNITS /// AUSTIN 5623 W Washington Blvd 42 Unit Apartment Building $3,100,000 ($73,810/Unit) 11.49% Cap Rate Chicago, IL 60644
INVESTMENT HIGHLIGHTS
- 1BD, 2BD, 3BD & 4BD UNIT MIX
- TENANT HEATED BUILDING
- 4 BLOCKS FROM CTA GREEN LINE TRAIN
- 50% 2BD, 3BD & 4BD APARTMENTS
- ALL MAJOR MECHANICALS & SYSTEMS PREVIOUSLY IMPROVED
- PART OF 3-BUILDING, 85-UNIT WEST SIDE PORTFOLIO OFFERING
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 | $3,100,000 | Property Subtype | Apartment |
| Price Per Unit | $73,810 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 11.49% | Lot Size | 0.52 AC |
| Gross Rent Multiplier | 5.11 | Building Size | 50,000 SF |
| No. Units | 42 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1919 |
| Zoning | RT-4 | ||
| Price | $3,100,000 |
| Price Per Unit | $73,810 |
| Sale Type | Investment |
| Cap Rate | 11.49% |
| Gross Rent Multiplier | 5.11 |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 50,000 SF |
| No. Stories | 3 |
| Year Built | 1919 |
| Zoning | RT-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Walk-Up
- Smoke Detector
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Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Number | 16-08-423-001-0000 | Improvements Assessment | $214,261 |
| Land Assessment | $27,341 | Total Assessment | $241,602 |
PROPERTY TAXES
Parcel Number
16-08-423-001-0000
Land Assessment
$27,341
Improvements Assessment
$214,261
Total Assessment
$241,602
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AIA /// 42 UNITS /// AUSTIN | 5623 W Washington Blvd
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