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7600-14 S South Shore Dr 39 Unit Apartment Building $2,500,000 ($64,103/Unit) 11.18% Cap Rate Chicago, IL 60649
INVESTMENT HIGHLIGHTS
- 10.57% Stabilized Cap & 15.56% Stabilized Cash-on-Cash Return.
- This courtyard building consists of: 28 One-Bedroom/One-Bath Apartments and 11 Two-Bedroom/One-Bath Apartments.
- With minor renovations, an investor can capture nearly $200,000 in additional rental income.
- Three-minute walk to Rainbow Beach, five-minute walk to Metra’s Windsor Park station, and a 11-minute drive to the University of Chicago.
PROPERTY FACTS
| Price | $2,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $64,103 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 11.18% | Building Size | 31,683 SF |
| No. Units | 39 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | RM-5, Chicago - Residential Multi-Unit District. Medium to high-density apartment buildings are allowed. | ||
| Price | $2,500,000 |
| Price Per Unit | $64,103 |
| Sale Type | Investment |
| Cap Rate | 11.18% |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 31,683 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | RM-5, Chicago - Residential Multi-Unit District. Medium to high-density apartment buildings are allowed. |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 28 | - | 650 |
| 2+1 | 11 | - | 850 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $228,446 | |
| Land Assessment | $27,554 | Total Assessment | $256,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$27,554
Improvements Assessment
$228,446
Total Assessment
$256,000
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7600-14 S South Shore Dr
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