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AIA /// 6 UNITS /// SOUTH SHORE 7528 S Coles Ave 6 Unit Apartment Building $650,000 ($108,333/Unit) 9.70% Cap Rate Chicago, IL 60649
Investment Highlights
- ALL 2-BEDROOM APARTMENTS
- CURRENT AVERAGE RENT $1,275
- 1 BLOCK FROM METRA TRAIN STATION & POWELL ELEMENTARY SCHOOL
- TENANT HEATED BUILDING
- REHABBED 2022
- 2 BLOCKS FROM RAINBOW BEACH & LAKEFRONT
Executive Summary
Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
Property Facts
| Price | $650,000 | Property Subtype | Apartment |
| Price Per Unit | $108,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.70% | Building Size | 10,000 SF |
| Gross Rent Multiplier | 6.26 | No. Stories | 3 |
| No. Units | 6 | Year Built | 1911 |
| Property Type | Multifamily |
| Price | $650,000 |
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| Cap Rate | 9.70% |
| Gross Rent Multiplier | 6.26 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 10,000 SF |
| No. Stories | 3 |
| Year Built | 1911 |
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Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 21-30-200-021-0000 | Improvements Assessment | $33,113 |
| Land Assessment | $4,688 | Total Assessment | $37,801 |
Property Taxes
Parcel Number
21-30-200-021-0000
Land Assessment
$4,688
Improvements Assessment
$33,113
Total Assessment
$37,801
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AIA /// 6 UNITS /// SOUTH SHORE | 7528 S Coles Ave
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