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7535 S Saginaw Ave 20 Unit Apartment Building $1,400,000 ($70,000/Unit) 10.50% Cap Rate Chicago, IL 60649
INVESTMENT HIGHLIGHTS
- $70k/Unit
- Central Heating
- Professional Offering Memorandum Available Upon Request
- Located Next to the South Shore Metra Electric Line Stop
- Professionally Operated by a Long-Term South Shore Owner
EXECUTIVE SUMMARY
Nara Advisors is pleased to exclusively market for sale 7535 S Saginaw, a 20-unit apartment building located in Chicago's South Shore neighborhood.
PROPERTY FACTS
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $70,000 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 13,894 SF |
| Cap Rate | 10.50% | No. Stories | 2 |
| No. Units | 20 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | B3-2 | ||
| Price | $1,400,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| Cap Rate | 10.50% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 13,894 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B3-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Gated
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 600 |
| 2+1 | 8 | - | 800 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 21-30-305-017-0000 | Improvements Assessment | $112,803 |
| Land Assessment | $15,997 | Total Assessment | $128,800 |
PROPERTY TAXES
Parcel Number
21-30-305-017-0000
Land Assessment
$15,997
Improvements Assessment
$112,803
Total Assessment
$128,800
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7535 S Saginaw Ave
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