Keller Williams Preferred Realty
Listed by Keller Williams Preferred Realty
$1,800,000
1-15 N Keeler Avenue
Details
APN 16104240170000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 24
Cap Rate 10.29%
NOI $185,247
Occupancy 83.33%
Pro-Forma Cap Rate 11.88%
Pro-Forma NOI $213,900
Broker Co-Op Yes
Year Built 1901
Buildings 1
Stories 3
Lot Size (SqFt) 8,750
Zoning B3-2
Investment Type Stabilized
Multifamily | 24 Units | $77,083/unit
Marketing description
Outstanding, turnkey, previously fully rehabbed, Garfield Park 24-unit mixed use building in prime location with 12.65% cap rate on 50x175 foot corner lot with B3-2 zoning. Building consists of 5 studios, 5 one-bedrooms, 8 two-bedroom apartments & 6 retail spaces (Grocery store accounts for three of the commercial units). Retail spaces have central air. All apartments have been remodeled with modern bathrooms & kitchens with refrigerators, ranges and microwave ovens. Hardwood floors throughout living area and bedrooms. 1200 Amp electrical service! Boiler and water heater replaced in 2023. Easy street parking. Fantastic location is close to Tilton Elementary School, Garfield Park Conservatory, ponds, gardens, and athletic facilities, Pulaski CTA Green & Blue Line stops, and 290 Expressway. Five miles to Chicago Loop. Cashless laundry on site provides additional income. Located within an opportunity zone. AHSAP 35% reduced tax status approved not yet applied.
Investment highlights
- Retail Spaces Have Central Air
- All Apartments Have Been Remodeled With Modern Bathrooms & Kitchens With Refrigerators, Ranges and Microwave Ovens
- Hardwood Floors Throughout Living Area and Bedrooms
- 1200 Amp Electrical Service
- Boiler and Water Heater Replaced in 2023
- Easy Street Parking
- Fantastic Location is Close to Tilton Elementary School, Garfield Park Conservatory, Ponds, Gardens, and Athletic Facilities, Pulaski CTA Green & Blue LINE Stops, and 290 Expressway
- Five Miles to Chicago Loop
- Cashless Laundry on Site Provides Additional Income
- Located Within an Opportunity Zone
- Ahsap 35% Reduced Tax Status Approved Not Yet Applied
Listing Contacts
Keller Williams Preferred Realty
Listed by Keller Williams Preferred Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,247.00
$15,437.25/mo
Valuation Metrics
0
DSCR
10.29%
Cap Rate
10.29%
ROI
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