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8000 S Hermitage Ave 8000 S Hermitage Ave 12 Unit Apartment Building $1,050,000 ($87,500/Unit) 10.10% Cap Rate Chicago, IL 60620
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Stabilized, Cash-Flowing Asset
- Close Proximity to National Retailers
- Favorable Mix of [6] 2BD/1BA and [6] 3BD/2BA Units
- Opportunity to Add Value by Increasing Currently Below Market Rents
Executive Summary
Nara Realty Advisors is pleased to exclusively market for sale 8000 S Hermitage, a 12 unit apartment building located in Chicago's Auburn Gresham neighborhood.
Property Facts
| Price | $1,050,000 | Apartment Style | Garden |
| Price Per Unit | $87,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 10.10% | Building Size | 7,323 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RS 3 | ||
| Price | $1,050,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 10.10% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,323 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
| Zoning | RS 3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
| 2+1 | 6 | - | - |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 20-31-212-019-0000 | Improvements Assessment | $67,338 |
| Land Assessment | $7,362 | Total Assessment | $74,700 |
Property Taxes
Parcel Number
20-31-212-019-0000
Land Assessment
$7,362
Improvements Assessment
$67,338
Total Assessment
$74,700
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8000 S Hermitage Ave | 8000 S Hermitage Ave
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