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7708 S Wabash Ave
Chicago, IL 60619
7708 S Wabash · Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
Well Maintained 6 unit building in Chatham neighborhood. Turnkey investment property. Each unit is separately metered. The building is fully leased and income producing. Coin operated laundry adds additional income. 3 car garage is also on the property for extra storage or parking options. Located near public transportation, shopping, parks and schools.
PROPERTY FACTS Under Contract
| Price Per Unit | $87,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 10.60% | Building Size | 8,069 SF |
| Gross Rent Multiplier | 6.84 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RS-2 - Residential Single-Unit District | ||
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 10.60% |
| Gross Rent Multiplier | 6.84 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,069 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
| Zoning | RS-2 - Residential Single-Unit District |
AMENITIES
UNIT AMENITIES
- Heating
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Wi-Fi
- Yard
- Basement
SITE AMENITIES
- 24 Hour Access
- Trash Pickup - Curbside
- Vintage Building
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $1,030 | - |
| 1+1 | 1 | $840.00 | - |
PROPERTY TAXES
| Parcel Number | 20-27-312-015-0000 | Improvements Assessment | $31,863 |
| Land Assessment | $6,038 | Total Assessment | $37,901 |
PROPERTY TAXES
Parcel Number
20-27-312-015-0000
Land Assessment
$6,038
Improvements Assessment
$31,863
Total Assessment
$37,901
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