701 S 5th Ave
26 Unit Apartment Building $2,150,000 ($82,692/Unit) 10.73% Cap Rate Maywood, IL 60153
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EXECUTIVE SUMMARY
CRER is pleased to present a 26-unit mixed use building in Maywood, IL. The unit mix includes (2) 2 bedroom, 2 bath, (4) 1 bedroom, 1 bath, (14) studio, and (6) commercial units. Recent upgrades to the building include newer windows, hot water tanks, updated electric/plumbing, and individual furnaces. There is a laundry room in the building with two washers and two dryers as well as on-site parking. The property is zoned C-2 and is situated on a 41,250 Sq. Ft. parcel of land.
There is an opportunity to assume the existing loan with a fixed interest rate of 4.10% and LTV of 77%.
https://www.crer.com/properties/701-s-5th-ave-maywood-il-60153/
There is an opportunity to assume the existing loan with a fixed interest rate of 4.10% and LTV of 77%.
https://www.crer.com/properties/701-s-5th-ave-maywood-il-60153/
PROPERTY FACTS
Price | $2,150,000 |
Price Per Unit | $82,692 |
Sale Type | Investment |
Cap Rate | 10.73% |
No. Units | 26 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.95 AC |
Building Size | 90,750 SF |
Average Occupancy | 95% |
No. Stories | 3 |
Year Built | 1929 |
Parking Ratio | 0.21/1,000 SF |
Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
1 of 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
Parcel Number | 15-11-344-001-0000 | Improvements Assessment | $213,146 |
Land Assessment | $68,929 | Total Assessment | $282,075 |
ZONING
Zoning Code | C-2 |