Exit Strategy Realty / EMA Management
Listed by EXIT Strategy Realty, Exit Strategy Realty / EMA Management
$315,000
1526 E 72nd Place
Details
APN 20262110130000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 6
NOI $66,400
Year Built 1917
Stories 3
Acreage 0.140
Zoning MULTI
Multifamily | 6 Units
Marketing description
Maximize your ROI with this exceptional middle-income rental development opportunity! This solid Chicago brick building, complete with balconies, is strategically located in a transit-connected hub, blocks from Metra, Jackson Park, and the Obama Library site, and just a stone's throw from the lakefront. Though in need of a full rehab, the payoff is immense. Currently set up as six 2 Bed/1 Bath units, the exceptionally high basement provides valuable space for potential expansion and increased revenue. This isn't just any building; it's a solid masonry structure with a steel center beam, built to last, a tank of a building. Plus, enjoy the added convenience of a brick 5-car garage on the alley. Seller willing to offer seller financing for this building.
Listing Contacts
Exit Strategy Realty / EMA Management
Listed by EXIT Strategy Realty, Exit Strategy Realty / EMA Management
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,400.00
$5,533.33/mo
Valuation Metrics
0
DSCR
21.08%
Cap Rate
21.08%
ROI
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