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7255-7257 S Princeton Ave 12 Unit Apartment Building $900,000 ($75,000/Unit) 13.10% Cap Rate Chicago, IL 60621
Investment Highlights
- This asset is currently generating a 7.5% cap rate and is poised to return a 13.1% cap rate through the strategic lease up of vacant units
- With below-market rents, there is a clear opportunity for immediate rent increases and property improvements, offering strong value-add
- Located blocks from I-94, allowing easy access to downtown Chicago
- Located in a rapidly developing area, the property bene{ts from proximity to transit, retail, and employment centers
Executive Summary
Nara Advisors is pleased to exclusively market for sale 7257 S Princeton Ave, a 12-unit apartment building located in Chicago's Englewood neighborhood.
Property Facts
| Price | $900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 13.10% | Building Size | 13,869 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $900,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 13.10% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 13,869 SF |
| No. Stories | 3 |
| Year Built | 1913 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 800 |
| 3+1 | 6 | - | 900 |
1 1
Transit Score®
Excellent Transit (71)
Property Taxes
| Parcel Number | 20-28-210-016-0000 | Improvements Assessment | $88,749 |
| Land Assessment | $6,051 | Total Assessment | $94,800 |
Property Taxes
Parcel Number
20-28-210-016-0000
Land Assessment
$6,051
Improvements Assessment
$88,749
Total Assessment
$94,800
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7255-7257 S Princeton Ave
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