Listed by Diversified Commercial Real Estate
$1,800,000
1923 Clark St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,696
Units 19
Cap Rate 7.14%
NOI $128,581
Occupancy 100%
Tenancy Multi
Price per SqFt $115
Year Built 1926
Year Renovated 2025
Acreage 0.100
Zoning R-SF
Investment Type Stabilized
Multifamily | 7.14% CAP | 19 Units
Marketing description
This all-Brick/Stone Building & Fully Occupied 19-Unit apartment building consisting of (1)-2bed/ 1-bath, (13) 1-bed/ 1-bath and (5) Studio Apartments. 15 of the 19 apartments have been Remodeled in the last 3 years. Each apartment is separately metered for NIPSCO (Gas/Electric). The apartments have wall air conditioners and boiler/radiator heat. The Landlord pays common area utilities, water, sewer, garbage. On-site laundry for additional income!
Located in the heart of Downtown Whiting, this property is walkable to local restaurants, retailers and Lake Michigan. Less than 2-miles from Horseshoe Casino, Wolf Lake Pavilion, Lost Marsh Golf Course, Super Walmart, Starbucks & other national retailers. Only 17-miles to Downtown Chicago!
Investment highlights
- 100% Occupied!
- 15 of 19 Units Remodeled!
Listing Contacts
Listed by Diversified Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,581.00
$10,715.08/mo
Valuation Metrics
0
DSCR
7.14%
Cap Rate
7.14%
ROI
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