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7001 S Vernon Ave
Chicago, IL 60637
7001 S. Vernon Ave · Multifamily Property For Sale
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13 Units
Executive Summary
Very well kept three story multifamily asset positioned as a value-add opportunity. The building has 13 units and garden apartment.
Two-car garage used as a storage currently. Current in-place rents remain below conservative market rent assumptions for immediate Park Manor/60637 area.
Two-car garage used as a storage currently. Current in-place rents remain below conservative market rent assumptions for immediate Park Manor/60637 area.
Property Facts
| Price Per Unit | $88,462 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.25% | Building Size | 14,577 SF |
| Gross Rent Multiplier | 6.8 | No. Stories | 3 |
| No. Units | 13 | Year Built | 1916 |
| Property Type | Multifamily |
| Price Per Unit | $88,462 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Gross Rent Multiplier | 6.8 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 14,577 SF |
| No. Stories | 3 |
| Year Built | 1916 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,050 | - |
| 2+1 | 6 | $1,350 | - |
| 3+1 | 3 | $1,350 | - |
Property Taxes
| Parcel Number | 20-22-420-002-0000 | Improvements Assessment | $18,040 |
| Land Assessment | $4,960 | Total Assessment | $23,000 |
Property Taxes
Parcel Number
20-22-420-002-0000
Land Assessment
$4,960
Improvements Assessment
$18,040
Total Assessment
$23,000
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