2008 S. Wabash Ave | 2008-2010 S Wabash Ave
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2008 S. Wabash Ave 2008-2010 S Wabash Ave
6 Unit Apartment Building $3,100,000 ($516,667/Unit) 7.30% Cap Rate Chicago, IL 60616
Investment Highlights
- Prime Location
- Convenient Transit Access
- Heavy Daytime Foot Traffic
- Mixed-Use Building
Executive Summary
Exceptional investment opportunity at 2010 S Wabash Ave, Chicago, IL 60616. This fully operational building features both retail and residential units, offering a versatile income stream. Located in the thriving South Loop, it boasts prime frontage on Wabash Ave, surrounded by a dynamic mix of businesses and residences. With excellent visibility, convenient transit access, and a well-established tenant base, this property is ideal for investors seeking a profitable, turnkey asset in a growing neighborhood.
Property Facts
| Price | $3,100,000 | Apartment Style | Mid Rise |
| Price Per Unit | $516,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 7.30% | Building Size | 28,674 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1888 |
| Property Subtype | Apartment | Parking Ratio | 0.17/1,000 SF |
| Price | $3,100,000 |
| Price Per Unit | $516,667 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 28,674 SF |
| No. Stories | 4 |
| Year Built | 1888 |
| Parking Ratio | 0.17/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Tub/Shower
- Window Coverings
Site Amenities
- 24 Hour Access
- On-Site Retail
- Recycling
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 1,800 |
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (83)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 17-22-311-018-0000 | Improvements Assessment | $260,950 |
| Land Assessment | $106,250 | Total Assessment | $367,200 |
PROPERTY TAXES
Parcel Number
17-22-311-018-0000
Land Assessment
$106,250
Improvements Assessment
$260,950
Total Assessment
$367,200
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2008 S. Wabash Ave | 2008-2010 S Wabash Ave
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