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6328 S Evans Ave - Turnkey 3-Unit in Woodlawn 3 Unit Apartment Building Offered at $855,000 at a 7.25% Cap Rate Chicago, IL 60637
EXECUTIVE SUMMARY
Recent New Construction 3-unit in Booming Woodlawn. Set alongside multiple other New Construction Developments on the block, this is the largest building, set on an extra wide 36 ft lot. Contemporary and modern design with the perfect blend of city living and convenience, located close to the Green Line, just a short walk away from the University of Chicago and the Obama Library. Each unit has a spacious, open-concept layout and condo quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, in unit laundry, and beautifully tiled floors. Each unit is a large, 1,400 sq ft 3 bed/ 2 bath, with a luxury master bathroom at the rear. Bottom unit rented for $2300, Middle is vacant for a potential owner occupany and Top unit is rented for $2300. Additionally, the developer added soundproofing for added privacy. Prime investment opportunity, positioned for cash flow, appreciation, and tax benefits.
PROPERTY FACTS
| Price | $855,000 | Building Size | 4,200 SF |
| Price Per Unit | $285,000 | Average Occupancy | 66% |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 7.25% | Year Built | 2023 |
| No. Units | 3 | Parking Ratio | 0.71/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $855,000 |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 4,200 SF |
| Average Occupancy | 66% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 0.71/1,000 SF |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | $2,400 | 1,400 |
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (77)
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6328 S Evans Ave - Turnkey 3-Unit in Woodlawn
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