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7945 S Dobson Ave 8 Unit Apartment Building $279,000 ($34,875/Unit) 24.80% Cap Rate Chicago, IL 60619
Investment Highlights
- Significant Value Add Opportunity
- $40K/Unit
- Completely Vacant
- Four (4) 2Bd/1Ba & Four (4) 1Bd/1Ba
Executive Summary
Kiser Group is pleased to exclusively present for purchase 7945 S. Dobson Ave. An eight (8) unit building in Chicago's Chatham neighborhood. The property is a short walk away from Grand Crossing Park, the 79th St. Metra Station, and just a 20 minute drive from downtown Chicago.
7945 S. Dobson Ave. consists of four (4) 1Bd/1Ba units and four (4) 2Bd/2Ba units. By completing the necessary rehab, this gives an owner flexible options on what they can achieve with this building.
7945 S. Dobson Ave. requires plenty of TLC, providing a new owner the opportunity to add significant value through renovations of the apartments, common areas, and retail spaces. A unique opportunity to hand select a tenant base, an owner can achieve a cash flowing asset by setting rental rates already achieved in the area.
7945 S. Dobson Ave. consists of four (4) 1Bd/1Ba units and four (4) 2Bd/2Ba units. By completing the necessary rehab, this gives an owner flexible options on what they can achieve with this building.
7945 S. Dobson Ave. requires plenty of TLC, providing a new owner the opportunity to add significant value through renovations of the apartments, common areas, and retail spaces. A unique opportunity to hand select a tenant base, an owner can achieve a cash flowing asset by setting rental rates already achieved in the area.
Property Facts Under Contract
| Price | $279,000 | Apartment Style | Low-Rise |
| Price Per Unit | $34,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 24.80% | Building Size | 6,600 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | ||
| Zoning | RS-3 | ||
| Price | $279,000 |
| Price Per Unit | $34,875 |
| Sale Type | Investment |
| Cap Rate | 24.80% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,600 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | RS-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 800 |
| 2+1 | 4 | - | 800 |
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 20-35-105-054-0000 | Improvements Assessment | $28,613 |
| Land Assessment | $9,688 | Total Assessment | $38,301 |
Property Taxes
Parcel Number
20-35-105-054-0000
Land Assessment
$9,688
Improvements Assessment
$28,613
Total Assessment
$38,301
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7945 S Dobson Ave
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