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818-824 W 71st St 28 Unit Apartment Building $495,000 ($17,679/Unit) Chicago, IL 60621
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Rare Opportunity to Acquire a Fully Vacant Property in Need of a Gut Renovation
- Close Proximity to National Retailers
- 17K/Unit
- Favorable Mix of [10] 1BD/1BA, [3] 2BD/1BA, [13] 3BD/1BA, and 2 Commercial Units
Executive Summary
Nara Realty Advisors is pleased to exclusively present for sale 818 W 71st St, a 28-unit apartment building located in Chicago's Englewood neighborhood. This property presents the rare opportunity to acquire a fully vacant building in need of a gut renovation at a competitive price.
Property Facts
| Price | $495,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $17,679 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| No. Units | 28 | Building Size | 24,608 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1927 |
| Zoning | RT-4. Chicago - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $495,000 |
| Price Per Unit | $17,679 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 24,608 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Zoning | RT-4. Chicago - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 6 | - | - |
| 2+1 | 6 | - | - |
| 3+1 | 12 | - | - |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-20-431-017-0000 | Improvements Assessment | $57,750 |
| Land Assessment | $7,500 | Total Assessment | $65,250 |
Property Taxes
Parcel Number
20-20-431-017-0000
Land Assessment
$7,500
Improvements Assessment
$57,750
Total Assessment
$65,250
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818-824 W 71st St
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