7020-7024 S Cregier Avenue Condominiums | 7020-7024 S Cregier Ave
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7020-7024 S Cregier Avenue Condominiums 7020-7024 S Cregier Ave
36 Unit Apartment Building $4,500,000 ($125,000/Unit) 7.10% Cap Rate Chicago, IL 60649
Investment Highlights
- 2023 Taxes reduced from $73,910 to $40,000.
- Legal Structure will keep taxes low. Ask for details.
Executive Summary
AMAZING OPPORTUNITY TO OWN ONE OF THE NICEST CONDOMINIUM BUILDINGS IN SOUTH SHORE. Very Attractive Assumable Fannie Mae Debt. Low Property Taxes. Offering Memorandum available upon request.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 7.10% | Building Size | 13,644 SF |
| Gross Rent Multiplier | 8.5 | No. Stories | 3 |
| No. Units | 36 | Year Built/Renovated | 1922/2010 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $4,500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| Gross Rent Multiplier | 8.5 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 13,644 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1922/2010 |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Island Kitchen
- Linen Closet
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,500 | 650 |
| 2+1 | 6 | $1,288 | 800 |
| 2+2 | 22 | $1,365 | 900 |
| 3+2 | 7 | $1,787 | 1,000 - 1,250 |
1 of 1
Walk Score ®
Very Walkable (74)
zoning
| Zoning Code | R-3, Chicago |
| R-3, Chicago |
-
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7020-7024 S Cregier Avenue Condominiums | 7020-7024 S Cregier Ave
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