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10401 S Ewing Ave

9 Unit Apartment Building $750,000 ($83,333/Unit) 7.14% Cap Rate Chicago, IL 60617

Investment Highlights

  • Value-Add Opportunity
  • Mobility Zone & Mobility Counseling Services
  • Superior Location & Amenities
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use residential and retail investment property located at 10401 S Ewing Avenue in the East Side neighborhood of Chicago, Illinois (the “Property”). The two-story building contains nine (9) units comprised of two (2) retail units at street-level and seven (7) residential units spread over the 1st and 2nd floors. The Property also has one non-conforming unit in the basement (not included in the unit count). The property has 10,000 square feet of gross living area in 12,000 square feet of total area on a 0.14- acre corner parcel. The Property is well-located at the intersection of E 104th Street and S Ewing Avenue, one of the area’s primary commercial and commuter corridors. The Property is located within a Mobility Zone (a Chicago Housing Authority Program) and provides convenient access to area parks, highways, public transportation, and numerous retail amenities. The Property is less than 1-mile from Calumet Beach and Lake Michigan and is 2-miles from the Horseshoe Hammond Casino.

Property Facts

Price $750,000
Price Per Unit $83,333
Sale Type Investment
Cap Rate 7.14%
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Class B
Lot Size 0.14 AC
Building Size 12,000 SF
No. Stories 2
Year Built 1900

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven

Site Amenities

  • 24 Hour Access
  • Trash Pickup - Curbside
  • Public Transportation
  • Walk-Up
  • Smoke Detector
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26-08-322-048-0000
Land Assessment
$5,990
Improvements Assessment
$47,932
Total Assessment
$53,922

zoning

Zoning Code B3-1
B3-1
  • Listing ID: 33661062

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 10401 S Ewing Ave, Chicago, IL 60617

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