Confidential, IL 99999,9999 N confidential Avenue
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Confidential, IL 99999,9999 N confidential Avenue
Confidential, IL 99999,9999 N confidential Avenue
Confidential, IL 99999,9999 N confidential Avenue
Confidential, IL 99999,9999 N confidential Avenue

$710,000

Est. payment /mo

$750,000

5.3%
Est.Price: ?

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9999 N confidential Avenue Confidential, IL 99999

SOLD DATE : 10/02/2020

Key Details

Sold Price $710,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 10743033

Sold Date 10/02/20

Year Built 1920

Annual Tax Amount $7,361

Tax Year 2018

Lot Dimensions 48' X 125'

Property Description

* 7.43% In-Place Cap Rate * Gross Income (w/ 5% vacancy) - $85,448 * NOI - $55,694 Kiser Group is pleased to exclusively present for purchase 1528 N. Avers, a beautiful six (6) unit walk-up building located in one of Chicago's most rapidly growing neighborhoods, Humboldt Park. The property sits on a quiet, tree lined street just one block away from the North and Springfield bus stop and within walking distance from Chicago's 606 Trail. 1528 N. Avers is comprised of two (2) 2b/1ba, three (3) 3b/2ba, and one (1) 4b/2ba spacious units, all containing hardwood flooring throughout. The property went through an extensive renovation in 2015, with improvements including updated kitchens/baths, new electrical service, a new porch, individual furnaces & water heaters, as well as 100% copper plumbing. 1528 N. Avers presents an investor with a unique opportunity to acquire a strong, stabilized cash flowing asset with an in-place cap rate of 7.43% from day one. Additionally, through improved leasing and management current rental rates could be raised to market rate levels allowing a new investor can realize a cap rate of 9.69% as well as cash returns of over 20%.

Location

State IL

County Cook

Interior

Fireplace N

Exterior

View Y/N true

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Listed by John Petrando • Kiser Group Realty Inc
Bought with Zachary Rudzki • Redden+McDaniel

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

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