Listed by Marcus & Millichap - Chicago Downtown
$1,200,000
Lincoln Street Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,800
Net Rentable (SqFt) 12,000
Units 16
Cap Rate 7.5%
NOI $90,054
Price per SqFt $87
Year Built 1974
Buildings 2
Multifamily | 7.50% CAP | 16 Units
Marketing description
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to exclusively present 12619 & 12623 S Lincoln Street, a 16-unit multifamily investment opportunity located in the Calumet Park submarket of Chicago. The property includes Eight One-Bedroom / One-Bath units and Eight Two-Bedroom / One-Bath units. The property presents a strong in-place yield with additional upside through improved operations and leasing to market.
Investment highlights
• Current / Proforma Cap Rate: 7.50% / 9.18%
• Current / Proforma Cash-on-Cash: 8.43% / 15.12%
• Below Market Rents: Nearly $25,000 of Additional Revenue to be Captured
• Nearby Access to Highways, Retail, and Employment Hubs
Listing Contacts
Listed by Marcus & Millichap - Chicago Downtown
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,054.00
$7,504.50/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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