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12154375
12154406

226 E 48th St, Chicago, IL 60615 For Sale

LD
IL IL 475164126
Fulton Grace
Listed by Fulton Grace
$2,100,000
1164 days on market
Updated 0 days ago
Opportunity zone

New Construction 6-Unit in Booming Bronzeville

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 10,000
Units 6
Cap Rate 7.86%
NOI $165,000
Price per SqFt $210
Broker Co-Op No
Class A
Year Built 2023
Buildings 1
Stories 4
Parking Spaces 1 per unit
Sale Condition For sale by owner

Multifamily | 6 Units | $350,000/unit

Marketing description

Turnkey New construction 6-unit full masonry building! Property features 4 simplexes, 2 duplxes and all units come with additional private storage and off street parking. Each unit features modern finishes, separate living/dining rooms on each floor along with designer kitchen cabinets, large peninsula, quartz counter, stainless appliances and hardwood floors throughout. Delivery Oct 1st, 2023. Monthly rent roll $15,600 which prices this as a 7.6 Cap.

Investment highlights

Turnkey New construction 6-unit full masonry building! Property features 4 simplexes, 2 duplxes and all units come with additional private storage and off street parking. Each unit features modern finishes, separate living/dining rooms on each floor along with designer kitchen cabinets, large peninsula, quartz counter, stainless appliances and hardwood floors throughout. Delivery Oct 1st, 2023. Monthly rent roll $15,600 which prices this as a 7.6 Cap.

Listing Contacts

LD
IL IL 475164126
Fulton Grace
Listed by Fulton Grace

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$165,000.00
$13,750.00/mo

Valuation Metrics

0
DSCR
7.86%
Cap Rate
7.86%
ROI

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Additional Information

Name
Lawrence Dunning
License
IL 475164126
Brokerage Phone
7736986648
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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