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The North Ridge Collection 1 Multifamily Properties Offered at $1,950,000 in Chicago, IL
Investment Highlights
- Significant Cap Ex Spend in Last Three Years
- Four Parking Spots
- All Two Bedroom Units
- Proven Renovation Gains
Executive Summary
Kiser Group is pleased to present for sale two adjacent 6-flat buildings located at 7516.5 and 7520 N Ridge Blvd in Chicago’s West Ridge neighborhood. The properties consist entirely of two-bedroom, one-bathroom units, with more than 75% of the apartments already renovated, featuring updated kitchens and bathrooms. The successful rent increases achieved through these renovations provide a new investor with a proven value-add strategy and the opportunity to continue improving the remaining units to drive additional rental growth
Property Facts
| Price | $1,950,000 | Number of Properties | 2 |
| Price / SF | $372.64 / SF | Individually For Sale | 0 |
| Cap Rate | 6.23% | Total Building Size | 5,233 SF |
| Sale Type | Investment | Total Land Area | 0.13 AC |
| Status | Active |
| Price | $1,950,000 |
| Price / SF | $372.64 / SF |
| Cap Rate | 6.23% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,233 SF |
| Total Land Area | 0.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7516 N Ridge, Chicago, IL 60645 | Multifamily | 5,233 SF | 1948 | - |
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