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31996789
31996785

10500 S WABASH AVE, CHICAGO, IL 60628

MS
IL 471008215, TN 339037 (+1)
KW Commercial Nashville
JH
IL 475193682
Listed by KW Commercial Nashville
$725,000
38 days on market
Updated 38 days ago

10500 S Wabash Avenue

Details
APN 25-15-118-039-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,746
Units 11
Cap Rate 9.50%
NOI $68,869
Year Built 1925
Stories 2
Lot Size (SqFt) 9,017

Solid 12-Unit Building with Room For Upside

Marketing description

12-unit multifamily building located in Chicago's Roseland neighborhood, offering stable cash flow and long-term investment potential. The property features a classic Chicago brick exterior with strong curb appeal and durable construction. The building consists of 12 residential units and includes the valuable benefit of off-street parking, a highly desirable amenity for tenants in the area. Units offer functional layouts with ample natural light, while the property's configuration supports efficient management and operating expenses. Situated on South Wabash Avenue, the property enjoys convenient access to public transportation, major arterial roads, neighborhood retail, schools, and employment centers. The location supports consistent rental demand from area residents seeking affordable housing with easy access to the broader South Side and downtown Chicago.

Investment highlights

  • 12 Two-Bedroom Units
  • Individual furnace in units
  • Off-Alley Parking Area
  • Corner Building

Listing Contacts

MS
IL 471008215, TN 339037 (+1)
KW Commercial Nashville
JH
IL 475193682
Listed by KW Commercial Nashville

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,869.00
$5,739.08/mo

Valuation Metrics

0
DSCR
9.5%
Cap Rate
9.5%
ROI

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Additional Information

Name
Michael Sims
License
471008215
Brokerage
Sims Commercial Real Estate Inc.
Brokerage Phone
312-796-4444
Title
Managing Broker
Brokerage Address
205 North Michigan Avenue
Name
Jose Hernandez
License
475193682
Brokerage
KW Commercial
Brokerage Phone
630-598-0755
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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