The Green Flats
Multifamily | 9 Units | $79,444/unit
Marketing description
Real Realty is pleased to present for sale the Green St Flats in Chicago's Englewood neighborhood. This opportunity presents an investor to acquire 9 units containing all two bed one baths with strong rental rates compared to market while boasting an in-place cap rate of over 9%. There are identical floorplans with individual furnaces and hot water heaters in every unit, tenants pay for gas, hot water, and electricity. Landlord pays for water bills.
The building sits right off Green/56th in between Luna Park and Emerald Park. Minutes from Halstead/56th St, as well as the Garfield/Peoria bus stop and a short 15 minute drive to I-90/94. Just 6.5 miles from downtown Chicago.
Investment highlights
Strong rental rates compared to market
9.31%+ cap rate AS-IS
Tenant paid gas, hot water, and electricity
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