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6501 S Maplewood Ave

11 Unit Apartment Building $825,000 ($75,000/Unit) 8.34% Cap Rate Chicago, IL 60629

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Investment Highlights

Favorable Unit Mix Features Six One-Bed/One-Bath, Three Two-Bed/One-Bath, and Two Three-Bed/One-Bath Units
Three Units Have Opportunity for Upside Through Renovations and Rent Increases

Major CapEx Improvements Include Seven Full Unit Renovations and a Brand New Boiler in 2022. Lentils Replaced in 2024
91% Subsidized Rents Upon Stabilization

Property Facts Under Contract

Price	$825,000	Building Class	C
Price Per Unit	$75,000	Lot Size	0.17 AC
Sale Type	Investment	Building Size	9,200 SF
Cap Rate	8.34%	Average Occupancy	0%
Gross Rent Multiplier	5.46	No. Stories	3
No. Units	11	Year Built	1921
Property Type	Multifamily	Parking Ratio	0.22/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$825,000
Price Per Unit	$75,000
Sale Type	Investment
Cap Rate	8.34%
Gross Rent Multiplier	5.46
No. Units	11
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.17 AC
Building Size	9,200 SF
Average Occupancy	0%
No. Stories	3
Year Built	1921
Parking Ratio	0.22/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.