2438 W 25th St
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2438 W 25th St
5 Unit Apartment Building $700,000 ($140,000/Unit) 6.50% Cap Rate Chicago, IL 60608
Investment Highlights
- Gut Renovated 2021
- Opportunity to Add Value with 5th Legal Unit
- Individual Furnaces, Water Heaters & HVAC
- Modern Finishes Throughout
Executive Summary
Kiser Group is pleased to exclusively present for purchase 2438 W. 25th Street, a newly renovated legal five (5) unit building in the heart of Chicago's Lower West Side. The building features a three (3) unit walk up accompanied by a two (2) unit coach house. The property sits on a tree lined street just two (2) blocks from Western Avenue, with
immediate access to CTA & Metra stations, as well as Interstate 55.
2438 W. 25th Street has undergone a complete gut renovation in the past five (5) years and has been meticulously maintained since. The building is equipped with copper plumbing, updated electric service, individual water heaters and furnaces in unit, and central air conditioning to all of the units. Units are fitted with modern finishes including granite counter tops, stainless steel appliances, and LVP flooring throughout.
2438 W. 25th Street is currently being operated as a four (4) unit building with an in place cap rate of 6.5%. A new investor can capitalize on the fifth (5th) legal unit to
improve returns and achieve a cap rate of 9.5%.
immediate access to CTA & Metra stations, as well as Interstate 55.
2438 W. 25th Street has undergone a complete gut renovation in the past five (5) years and has been meticulously maintained since. The building is equipped with copper plumbing, updated electric service, individual water heaters and furnaces in unit, and central air conditioning to all of the units. Units are fitted with modern finishes including granite counter tops, stainless steel appliances, and LVP flooring throughout.
2438 W. 25th Street is currently being operated as a four (4) unit building with an in place cap rate of 6.5%. A new investor can capitalize on the fifth (5th) legal unit to
improve returns and achieve a cap rate of 9.5%.
Property Facts
| Price | $700,000 | Property Subtype | Apartment |
| Price Per Unit | $140,000 | Apartment Style | Garden |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2021 |
| Price | $700,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2021 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,100 |
| 3+1 | 1 | - | 1,000 |
| 2+1 | 2 | - | 1,000 |
| 2+1 | 1 | - | 900 |
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Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 16-25-216-010-0000 | Improvements Assessment | $39,728 |
| Land Assessment | $4,315 | Total Assessment | $44,043 |
PROPERTY TAXES
Parcel Number
16-25-216-010-0000
Land Assessment
$4,315
Improvements Assessment
$39,728
Total Assessment
$44,043
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Jack Petrando -
Noah Clark -
Kiser Group
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2438 W 25th St
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