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7237-7243 S Bennett Ave 24 Unit Apartment Building $2,400,000 ($100,000/Unit) 11.60% Cap Rate Chicago, IL 60649
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Strong 1-bed rents: averaging $1,416/mo.
- Ability to lease-up [3] currently vacant units
- Professionally operated and meticulously maintained by long term local owner
- Strong 2-bed rents: averaging $1,428/mo.
- Investor is poised to achieve a 10% cap rate day one
Executive Summary
Nara Advisors is pleased to exclusively market for sale 7237 S Bennett, a 24-unit apartment building located in Chicago's South Shore neighborhood.
Property Facts
| Price | $2,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 11.60% | Building Size | 32,956 SF |
| No. Units | 24 | Average Occupancy | 21% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1929 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $2,400,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 11.60% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 32,956 SF |
| Average Occupancy | 21% |
| No. Stories | 3 |
| Year Built | 1929 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 615 |
| 2+1 | 12 | - | 888 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 20-25-120-009-0000 | Improvements Assessment | $77,496 |
| Land Assessment | $9,799 | Total Assessment | $87,295 |
Property Taxes
Parcel Number
20-25-120-009-0000
Land Assessment
$9,799
Improvements Assessment
$77,496
Total Assessment
$87,295
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7237-7243 S Bennett Ave
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