711 S Ada St
Chicago, IL 60607
709-711 S Ada · Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 7,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2017 |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Granite Countertops
- Hardwood Floors
- Basement
- Deck
- Intercom
ABOUT 711 S ADA ST , CHICAGO, IL 60607
Prime Investment Opportunity in Heart of UIC Campus. Turn key 6.4%+ cap rate. Property consists of two adjacent 3-flats (709 & 711 S Ada) - consisting of a total of six (6) - four (4) Bedroom / 1 Bathroom apartments grossing over $200,000 / year with rental upside. Large unfinished basement allow for potential to duplex ground floor units. The building was updated in 2017 and features remodeled kitchens and baths with like new appliances, in unit laundry, large layouts, great vintage charm blending old and new. Always full and easy to rent rent and manage. Property currently leased through 2020. Listing broker has interest in property.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+1 | 4 | $2,795 | 1,300 - 1,400 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $124,966 | |
| Land Assessment | $21,034 | Total Assessment | $146,000 |
