701 S 5th Ave

26 Unit Apartment Building $2,150,000 ($82,692/Unit) 10.73% Cap Rate Maywood, IL 60153

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/

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
Walk Score®
Very Walkable (75)

PROPERTY TAXES

ZONING

Zoning Code C-2
  • Listing ID: 34161320

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 701 S 5th Ave, Maywood, IL 60153