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6927 S Hermitage Ave
Chicago, IL 60636
Multifamily Property For Sale
·
2 Units
INVESTMENT HIGHLIGHTS
- Property was recently renovated in 2020.
- Two common laundry rooms are available.
- All 3 units feature quality finishes and up-to-date appliances.
- Property features a 2-car garage.
EXECUTIVE SUMMARY
Renovated in 2020 and stabilized with 3 current tenants, two of which are MTM which offers flexibility to the investor that adds this property to their portfolio. All tenants are currently at or near Market Rates w/ MTM leases. Well maintained to date, all three units feature Condo Quality Finishes, SS Appliances, Central Heat, modern baths and kitchens. Units 1 and 2 have hardwood floors throughout while the basement features large ceramic tile through out. The building features two common laundry rooms, additional storage closets and a 2 car garage. Current Gross Proforma Rents $4015 monthly or $46,180 annually - Low Taxes = Positive Cash Flow for the investor seeking a turn key option!
PROPERTY FACTS
| Price Per Unit | $179,950 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,412 SF |
| Cap Rate | 11.44% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1909 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | 10 | ||
| Price Per Unit | $179,950 |
| Sale Type | Investment |
| Cap Rate | 11.44% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,412 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1909 |
| Parking Ratio | 0.83/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 10 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Basement
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 20-19-421-014-0000 | Improvements Assessment | $13,082 |
| Land Assessment | $918 | Total Assessment | $14,000 |
PROPERTY TAXES
Parcel Number
20-19-421-014-0000
Land Assessment
$918
Improvements Assessment
$13,082
Total Assessment
$14,000
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