Keller Williams ONEChicago
Listed by KW Commercial Chicago - Lincoln Park, Keller Williams ONEChicago
$420,000
7951 S Burnham Avenue | 6 Unit Multifamily
Details
APN 21-31-200-019-0000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Square Footage 6,564
Units 6
Cap Rate 5.28%
NOI $22,188
Occupancy 83%
Pro-Forma Cap Rate 12.34%
Pro-Forma NOI $60,252
Class C
Year Built 1925
Stories 3
Zoning MULTI
Investment Type Value Add
6 Units available in Chicago, IL
Marketing description
Value-Add Investment Opportunity: Solid 6-unit brick building comprised of (6) 2-bedroom, 1-bath units. Each unit offers a functional layout with separate living and dining areas, along with kitchens that include pantry space. The property presents a strong opportunity for a new owner to implement updates and add value over time, with the ability to increase rental income. Ideal for investors seeking to stabilize and grow the asset. Additional features include a 3-car detached garage. Located just south of the South Shore area, with easy access to South Shore Drive, Lake Michigan, major highways, and public transportation in multiple directions. Excellent opportunity to build equity and long-term cash flow. AS-IS
Listing Contacts
Keller Williams ONEChicago
Listed by KW Commercial Chicago - Lincoln Park, Keller Williams ONEChicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$22,188.00
$1,849.00/mo
Valuation Metrics
0
DSCR
5.28%
Cap Rate
5.28%
ROI
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