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34605270
34605268

5501 West Quincy Street, Chicago, IL 60644 For Sale

Parkvue Realty Florida, LLC
Listed by Parkvue Realty Florida, LLC
$649,900
2 days on market
Updated 2 days ago

5501 West Quincy Street

Details
Property Type Retail
Square Footage 16,383
Tenancy Vacant
Pro-Forma Cap Rate 12.74%
Pro-Forma NOI $82,782
Year Built 1926
Acreage 0.160
Zoning R-3, Chicago
Parking Spaces 16 spaces
Parking per 1,000 SqFt 0.98
Ground Lease No

About This Property for Sale

Marketing description

Rarely available 9-unit brick apartment building situated on a prominent corner lot, offering excellent visibility and a compelling value-add investment opportunity. The property features a desirable unit mix of (6) 2-bedroom/1-bath units and (3) 1-bedroom/1-bath units, providing strong income-producing potential with significant upside through rental repositioning and operational improvements. An excellent opportunity for investors seeking to enhance cash flow and maximize long-term returns in a well-positioned multifamily asset. Property is being sold strictly as-is. No survey is available. Buyer will be responsible for assuming all code compliance requirements. All offers must be submitted via PropOffers.com, instructions under Additional Information. There is a 5-business day hold period during which the seller will not respond to offers. All offer packages must include a copy of the contract, proof of funds, and Buyer Agency Agreement. Sold As Is. Seller does not provide survey. Buyer must take subject to all violations/code compliance requirements. Utilities will not be activated.

Listing Contacts

Parkvue Realty Florida, LLC
Listed by Parkvue Realty Florida, LLC

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