821 E 49th St | Chicago, IL 60615
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- LoopNet Team
821 E 49th St
Chicago, IL 60615
McGill Terrace Apartments · Multifamily Property For Sale
·
48 Units
Investment Highlights
- UNIT MIX: 12 Studio, 24 One-Bedroom/One-Bath, Six Two-Bedroom/One-Bath, Six Three-Bedroom/Two-Bath
- HAP CONTRACT: Rental income is very consistent and roughly 80% subsidized by HUD’s section 8 rental assistance program
- BUILDING FEATURES: On-Site Laundry, Individually Metered Utilities
- include a new roof, updated mechanical systems, and an array of interior cosmetic improvements.
Property Facts
| No. Units | 48 | Lot Size | 0.49 AC |
| Property Type | Multifamily | Building Size | 35,022 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1916/2023 |
| Building Class | C | ||
| Zoning | RM-5 | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 35,022 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1916/2023 |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Tile Floors
- Refrigerator
- Carpet
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
| 1+1 | 24 | - | - |
| 2+1 | 6 | - | - |
| 3+2 | 6 | - | - |
Property Taxes
| Parcel Number | 20-11-109-009-0000 | Improvements Assessment | $269,850 |
| Land Assessment | $75,320 | Total Assessment | $345,170 |
Property Taxes
Parcel Number
20-11-109-009-0000
Land Assessment
$75,320
Improvements Assessment
$269,850
Total Assessment
$345,170
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