Chicago Real Estate Resources
Listed by Chicago Real Estate Resources
$3,000,000
7646 S Ingleside Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Units 31
Multifamily | 31 Units
Marketing description
Crer is pleased to present 7646 S Ingleside Ave, a 31-unit apartment building located in Chicago’s Greater Grand Crossing neighborhood. The property includes a desirable unit mix consisting of (31) 2 bedroom, 1 bathroom units. Each apartment includes spacious floor plans with updated kitchen and baths throughout.
Capital improvements to the portfolio consist of updated electric/plumbing, renovated hallways, and on-site laundry. The current average rent is $1,561 and approximately 79% of the total rent roll is paid by various government subsidies. This is a great opportunity for an investor to acquire a fully stabilized property at a double-digit cap rate and a cash-on-cash return of over 20%.
Listing Contacts
Chicago Real Estate Resources
Listed by Chicago Real Estate Resources
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