Sale Information

Asking Price: $1,049,000

Building Size: 23,000 SQ FT

Lot Size: 8826

Cost per Square Foot: $45.61

Cap Rate: 8.01%

NOI: $83,993.75

Property Overview

Excellent stabilized+value-add investment property in Greater Grand Crossing

Occupancy: 95%

Property Details

Key Points: 9 2 bed / 1 bath units, 9 1 bed / 1 bath units, and three commercial spaces ~15 of 18 apartments have been updated / renovated since Summer 2017 Two of the retail spaces have long-term tenants, while the third was rehabbed to vanilla box condition and asking $1200/month Property has been stabilized and apartments are fully-occupied On-site janitor/handyman has occupied one unit long-term Paper Street Realty currently manages & can be retained Most recent 2 bed / 1 bath lease of $1044 was through the CHA voucher program 3 of 4 porches are new. 4th is in good condition Boiler is in average to good condition Roof was certified for at least 5 more years Double-pane windows throughout Plumbing is generally galvanized with copper horizontals / in-unit Tuckpointing and parapet walls are generally in good condition

Broker Information

33 Realty
Gene Hart

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