Log In/Sign Up
Your email has been sent.
7648 S Phillips Ave
Chicago, IL 60649
Multifamily Property For Sale
·
31 Units
INVESTMENT HIGHLIGHTS
- VALUE-ADD: Stabilized asset offering strong upside through significant rent growth potential with minimal capital outlay.
- STRATEGIC LOCATION: Within walking distance to public transit (Metra Electric District), Rainbow Beach, South Shore Cultural Center, and several major
- ATTRACTIVE BASIS: Offered at an appealing in-place cap rate (9.56%) and cash-on-cash return (16.08%), this asset is positioned well relative to rece
PROPERTY FACTS
| Price Per Unit | $75,806 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 9.56% | Building Size | 24,898 SF |
| Gross Rent Multiplier | 4.98 | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price Per Unit | $75,806 |
| Sale Type | Investment |
| Cap Rate | 9.56% |
| Gross Rent Multiplier | 4.98 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 24,898 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 400 - 500 |
| 1+1 | 13 | - | - |
| 2+1 | 9 | - | - |
| 2+2 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 21-30-307-022-0000 | Improvements Assessment | $201,760 |
| Land Assessment | $18,240 | Total Assessment | $220,000 |
PROPERTY TAXES
Parcel Number
21-30-307-022-0000
Land Assessment
$18,240
Improvements Assessment
$201,760
Total Assessment
$220,000
1 of 25
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
