824-26 S. 17th Ave., is a 8,300 SF residential building that includes 13 units. Built in 1931, the property is located in Maywood's "West Village." The neighborhood is a mix of single-family residential homes and apartments. There is effective demand for affordable housing in Maywood. The high demand ensures this building will have consistent, high occupancy. The adjacent lot is currently vacant. However, there is opportunity to repurpose the lot for private, and secure tenant parking.
Key Points: Building Size: 8,300 SF Total Units: 13 8 1-Bedroom 4 2-Bedroom 1 3-Bedroom PIN: 15-10-331-022-0000 Taxes (2017): $16,367.34 Zoning: R-4 Built in 1931 Walking Distance to Maywood Metra Station Close in proximity to I-290
Asking Price: $450,000
Building Size: 8,300 SQ FT
Cost per Square Foot: $54.22
Cap Rate: 3.89%