Log In/Sign Up
Your email has been sent.
8018-8020 S Eberhart Ave 13 Unit Apartment Building $825,000 ($63,462/Unit) 7% Cap Rate Chicago, IL 60619
Investment Highlights
- 13 Units: All 1 BD/1 BA Unit Layouts
- Ability to Increase Rents to Market Levels Upon Tenant Turnover (AVG 1 BD RENT: $878)
- Updated Systems/Mechanicals & Newer Roof
- Pridefully Managed By Long Term Ownership Group
- Units Renovated Over Course of Ownership
- Upgraded Porches, Laundry Room On-Site
Executive Summary
Interra Realty LLC has been exclusively engaged to present 8018-20 S. Eberhart Ave for sale. A center entrance, 13 unit multifamily asset featuring all 1 BD/1 BA units with spacious floor plans. Located in Chicago's South Side in the Chatham submarket, the property has been pridefully maintained and managed by a long term ownership group and presents a significant value add component by bringing rents to market levels upon tenant turnover.
Current ownership has updated all units and has made significant cap-ex improvements including an updated roof, porches, electric, plumbing, and windows. A qualified investor has the opportunity to acquire a turn key, well managed, stabilized asset in one of Chicago's fastest appreciating submarkets with the ability to continue to increase rents to the top of the market.
Current ownership has updated all units and has made significant cap-ex improvements including an updated roof, porches, electric, plumbing, and windows. A qualified investor has the opportunity to acquire a turn key, well managed, stabilized asset in one of Chicago's fastest appreciating submarkets with the ability to continue to increase rents to the top of the market.
Property Facts
| Price | $825,000 | Apartment Style | Low-Rise |
| Price Per Unit | $63,462 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7% | Building Size | 2,371 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4, Chicago - Residential | ||
| Price | $825,000 |
| Price Per Unit | $63,462 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,371 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | R4, Chicago - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 20-34-209-023-0000 | Improvements Assessment | $14,210 |
| Land Assessment | $2,790 | Total Assessment | $17,000 |
Property Taxes
Parcel Number
20-34-209-023-0000
Land Assessment
$2,790
Improvements Assessment
$14,210
Total Assessment
$17,000
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
8018-8020 S Eberhart Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.