New Construction 3-unit | 6440 S Evans Ave
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New Construction 3-unit 6440 S Evans Ave
3 Unit Apartment Building $859,000 ($286,333/Unit) 7.68% Cap Rate Chicago, IL 60637
Investment Highlights
- New Construction 3-unit in Booming Woodlawn.
- Modern design with the perfect blend of city living and convenience.
- Prime investment opportunity.
- Set alongside multiple other New Construction Developments.
- Close to the Green Line just a short walk away and the University of Chicago and Obama Library.
- Can arrange property management for any out of state buyers.
Executive Summary
Gorgeous NEW Construction 3-unit in Booming Woodlawn. Set alongside multiple other New Developments, this is the most contemporary of them all. Built by an experienced local builder and includes 1 year developer's warranty. Contemporary & Modern design with the perfect blend of city living and convenience, close to the Green Line just a short walk away and the University of Chicago and Obama Library. Each unit has a spacious, open-concept layout and condo quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, in unit laundry, and beautifully tiled floors. Each unit is a large, 1,400 sq ft 3 bed/ 2 bath, with a luxury master bathroom at the rear. The units will rent easily and proforma rents are $7,200/month. Top unit features a vaulted ceiling and decorative railings for an added touch of luxury. Additionally, the developer added soundproofing for added privacy. Prime investment opportunity, positioned for cash flow, appreciation and creating generational wealth in this high inflation environment. Can arrange property management for any out-of-state buyers.
Property Facts
| Price | $859,000 | Building Class | B |
| Price Per Unit | $286,333 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 3,750 SF |
| Cap Rate | 7.68% | No. Stories | 3 |
| No. Units | 3 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $859,000 |
| Price Per Unit | $286,333 |
| Sale Type | Investment |
| Cap Rate | 7.68% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 3,750 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Washer/Dryer
- Tile Floors
- Stainless Steel Appliances
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $2,400 | 1,250 - 12,550 |
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Walk Score ®
Very Walkable (75)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 20-22-214-036-0000 | Improvements Assessment | $74,938 |
| Land Assessment | $4,063 | Total Assessment | $79,001 |
PROPERTY TAXES
Parcel Number
20-22-214-036-0000
Land Assessment
$4,063
Improvements Assessment
$74,938
Total Assessment
$79,001
zoning
| Zoning Code | RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
| RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
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New Construction 3-unit | 6440 S Evans Ave
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