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AIA /// 18 UNITS /// AUSTIN 5902 W Washington Blvd 18 Unit Apartment Building $1,600,000 ($88,889/Unit) 11.26% Cap Rate Chicago, IL 60644
INVESTMENT HIGHLIGHTS
- 1BD, 2BD & 3BD UNIT MIX
- BEDROOM CONVERSION POTENTIAL
- 4 BLOCKS TO CTA GREEN LINE TRAIN & ELLINGTON ELEMENTARY SCHOOL
- 72% 2BD & 3BD APARTMENTS
- 1 BLOCK FROM SUBURBAN OAK PARK & 2 BLOCKS FROM COLUMBUS PARK
- 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 | $1,600,000 | Property Type | Multifamily |
| Price Per Unit | $88,889 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 11.26% | Building Size | 30,000 SF |
| Gross Rent Multiplier | 5.43 | No. Stories | 3 |
| No. Units | 18 | Year Built | 1924 |
| Price | $1,600,000 |
| Price Per Unit | $88,889 |
| Sale Type | Investment |
| Cap Rate | 11.26% |
| Gross Rent Multiplier | 5.43 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 30,000 SF |
| No. Stories | 3 |
| Year Built | 1924 |
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Walk Score®
Very Walkable (76)
Transit Score®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Number | 16-08-413-017-0000 | Improvements Assessment | $104,537 |
| Land Assessment | $19,542 | Total Assessment | $124,079 |
PROPERTY TAXES
Parcel Number
16-08-413-017-0000
Land Assessment
$19,542
Improvements Assessment
$104,537
Total Assessment
$124,079
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AIA /// 18 UNITS /// AUSTIN | 5902 W Washington Blvd
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