14020-14022 S Atlantic Ave 12 Unit Apartment Building $798,500 ($66,542/Unit) Riverdale, IL 60827
INVESTMENT HIGHLIGHTS
- Turnkey Property
- Great Location
- Strong Unit Mix
EXECUTIVE SUMMARY
SVN is pleased to present a 12-unit Multifamily opportunity located in the desirable Riverdale neighborhood of Chicago's South Side. The unit mix consists (6) 1 Bedroom, and (6) 2 Bedroom units. All units have new hardwood flooring, updated kitchens and baths, new appliances, thermostats, and window air-conditioning. Heat is provided individual furnaces. The building is in overall great condition. Including brand new 480 Amp electrical service, new complete tear-off roof, new furnaces, new gas meters, new vinyl windows and a new security system. The Building is equipped with 12 outdoor parking spaces and two washer and dryers. 14020-22 S Atlantic Avenue is a rare multifamily opportunity for investors to acquire with strong cash flow in prime condition.
PROPERTY FACTS
| Price | $798,500 |
| Price Per Unit | $66,542 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 10,650 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 1.13/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Storage Space
SITE AMENITIES
- Laundry Facilities
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 6 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $37,606 | |
| Land Assessment | $3,984 | Total Assessment | $41,590 |
