Available For Sale - Multifamily

8,000 SF | Show Pricing $

LISTED BY

Gene Hart
33 Realty, 219-465-8584

AVAILABILITY DETAILS

Size
8,000 SF
Price/SF
Show Pricing $
Listing ID
SA558993
Notes
33 Realty is pleased to present for sale 1264 S. Saint Louis Avenue, a 6-unit multi-family investment property opportunity in Homan Square.



The property was extensively rehabbed in 2017 and consists of three 2-bed / 1-bath and three 3-bed / 1-bath apartments with individual gas-forced heat and hot water tanks.



The residents are responsible for individual electric and gas responsibilities. 2017 rehab included: electric upgrade to 400 amp, new masthead, plumbing, waste & supply lines, HVAC, masonry, meters, replaced joists where needed, windows, unit interiors - all per plans permits approved by city of Chicago.



There is significant opportunity for a new operator to bring rents to market to increase the in-place cap rate of 8.95% to 12.80%
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Gene Hart, 33 Realty
BRE# 475.149185