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8001 S Maryland Ave 12 Unit Apartment Building $900,000 ($75,000/Unit) 8.72% Cap Rate Chicago, IL 60619
Investment Highlights
- New 800 AMP Electric Service
- (2) New Rheem Performance 75G Water Heaters
- HVAC mini splits in each unit (Installed by 4 Seasons)
- 7 year old roof
Executive Summary
*Turnkey 12-Unit Asset In East Chatham With Organic Rental Upside
*Well-Maintained Brick Walk-Up With Recent Capital Improvements Throughout
*Balanced Unit Mix: Six (6) One-Bedroom & Six (6) Two-Bedroom Apartments
*Recently Upgraded Building Systems Including:
New 800 AMP Electric Service
HVAC (Installed by 4 Seasons)
(2)Rheem Performace Hot Water Heaters
*Well-Maintained Brick Walk-Up With Recent Capital Improvements Throughout
*Balanced Unit Mix: Six (6) One-Bedroom & Six (6) Two-Bedroom Apartments
*Recently Upgraded Building Systems Including:
New 800 AMP Electric Service
HVAC (Installed by 4 Seasons)
(2)Rheem Performace Hot Water Heaters
Property Facts
| Price | $900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 8.72% | Building Size | 11,250 SF |
| Gross Rent Multiplier | 5.54 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2022 |
| Property Subtype | Apartment | ||
| Zoning | RS-3 - Residential Single-Unit District | ||
| Price | $900,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 8.72% |
| Gross Rent Multiplier | 5.54 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 11,250 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1923/2022 |
| Zoning | RS-3 - Residential Single-Unit District |
Amenities
Unit Amenities
- Hardwood Floors
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 500 |
| 2+1 | 6 | - | 675 |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 20-35-108-001-0000 | Improvements Assessment | $81,142 |
| Land Assessment | $5,958 | Total Assessment | $87,100 |
Property Taxes
Parcel Number
20-35-108-001-0000
Land Assessment
$5,958
Improvements Assessment
$81,142
Total Assessment
$87,100
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8001 S Maryland Ave
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