Listed by Real Realty Inc.
$645,000
66th Street Apartments
Details
APN 20-19-223-020-0000
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 6,120
Units 8
Cap Rate 11.69%
NOI $75,389
Class C
Year Built 1909
Buildings 1
Stories 2
Acreage 0.120
Zoning R-2
Multifamily | 8 Units | $80,625/unit
Marketing description
Real Realty is pleased to market for sale the 66th Street Apartments in Chicago's West Englewood neighborhood. This building presents an investor the opportunity to purchase 8 units containing all 2 bed 1 bath apartments with strong rental rates compared to market boasting a in-place cap rate of over 11.5%. Tenants pay for heat and electricity with individual furnaces and hot water heater in each unit. Landlord pays for common area utilities.
This building sits right on the 66th & Ashland retail corridor, minutes from the Ashland/63rd CTA Green Line, major bus routes, and a short drive to I-90/94. Just 10 miles from downtown Chicago.
Investment highlights
Strong rental rates compared to market
11.5%+ in-place cap rate
Tenant paid heat and hot water
Listing Contacts
Listed by Real Realty Inc.
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,389.00
$6,282.42/mo
Valuation Metrics
0
DSCR
11.69%
Cap Rate
11.69%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage
Is there information that looks off?
