$4,800,000
Jaclyn-marie Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 23,000
Cap Rate 6.51%
NOI $312,428
Occupancy 95%
Pro-Forma Cap Rate 9.3%
Pro-Forma NOI $446,605
Price per SqFt $209
Broker Co-Op Yes
Class C
Year Built 1928
Acreage 8250.000
Investment Type Value Add
Ownership LLC
Multifamily | 6.51% CAP
Investment highlights
40-Unit Historical Mid-Rise Building Property
Studios and 1 Bedroom Apartments
Modernized Kitchens - Stainless Steel, Granite Countertops, Hardwood Flooring
~15% Upside in Current Rents
0.9 Miles to Loyola University Campus
0.3 miles to Red Line CTA Station
0.7 Miles to Lake Michigan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,428.00
$26,035.67/mo
Valuation Metrics
0
DSCR
6.51%
Cap Rate
6.51%
ROI
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