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8735 S Beverly Blvd 12 Unit Apartment Building $375,000 ($31,250/Unit) Chicago, IL 60620
Investment Highlights
- 12 Units
- Attractive entry price point
- Desirable mix of one, two, and three-bedroom units
- Heavy value add opportunity requiring full rehab
Executive Summary
Interra Realty is pleased to market for sale the property at 8375 S Beverly Ave in Chicago's Brainerd neighborhood. The subject property is comprised of 12 apartments with a unit mix of three (3) studios, four (4) one-bedroom, and five (5) twobedroom units.
The property is currently vacant and presents potential investors with the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. The property is completely gutted and requires a full rehab. Through completing the rehab and building a new rent roll future owners will be positioned to achieve an 11% cap rate.
The property is currently vacant and presents potential investors with the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. The property is completely gutted and requires a full rehab. Through completing the rehab and building a new rent roll future owners will be positioned to achieve an 11% cap rate.
Property Facts Under Contract
| Price | $375,000 | Building Class | C |
| Price Per Unit | $31,250 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 9,395 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Zoning | RT-4 - Residential | ||
| Price | $375,000 |
| Price Per Unit | $31,250 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 9,395 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | RT-4 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 5 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-06-200-086-0000 | Improvements Assessment | $20,738 |
| Land Assessment | $9,263 | Total Assessment | $30,001 |
Property Taxes
Parcel Number
25-06-200-086-0000
Land Assessment
$9,263
Improvements Assessment
$20,738
Total Assessment
$30,001
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8735 S Beverly Blvd
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