7526-7536 S Colfax Ave | Chicago, IL 60649
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7526-7536 S Colfax Ave
Chicago, IL 60649
Multifamily Property For Sale · 25 Units
Investment Highlights
- High Curb Appeal Vintage Courtyard/Desirable South Shore Location.
- Attractive Unit Mix with 1, 2, and 3 bedroom layouts.
- On Site Laundry room.
- 15+ units renovated with condo quality finishes.
- Full rehab of Garden apartment.
Executive Summary
Interra Realty has been exclusively engaged to market 7526-36 S. Colfax Avenue, Chicago, for sale. The subject investment property is a 25 unit, courtyard style, multifamily asset in the South Shore submarket.
The property features (17) 2 BD/1 BA, (7) 3 BD/1 BA and (1) Garden 1 BD/1 BA unit. Current ownership has renovated and rehabbed 15+ units. In addition, the property has been outtted with both a new hot water tank and boiler. Ownership did a full rehab of the garden unit and built out a new laundry room.
A qualified investor has the opportunity to acquire a stabilized, well managed, turn key asset in one of Chicago's most fast appreciating submarkets with the ability to increase rents.
The property features (17) 2 BD/1 BA, (7) 3 BD/1 BA and (1) Garden 1 BD/1 BA unit. Current ownership has renovated and rehabbed 15+ units. In addition, the property has been outtted with both a new hot water tank and boiler. Ownership did a full rehab of the garden unit and built out a new laundry room.
A qualified investor has the opportunity to acquire a stabilized, well managed, turn key asset in one of Chicago's most fast appreciating submarkets with the ability to increase rents.
PROPERTY FACTS
| Price Per Unit | $90,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 8.34% | Building Size | 21,000 SF |
| No. Units | 25 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| Cap Rate | 8.34% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 21,000 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
Unit Amenities
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 2+1 | 17 | - | 965 |
| 3+1 | 7 | - | 1,080 |
PROPERTY TAXES
| Parcel Number | 21-30-303-011-0000 | Improvements Assessment | $186,200 |
| Land Assessment | $18,600 | Total Assessment | $204,800 |
PROPERTY TAXES
Parcel Number
21-30-303-011-0000
Land Assessment
$18,600
Improvements Assessment
$186,200
Total Assessment
$204,800
zoning
| Zoning Code | RT-4, Chicago (Residential Two-Flat, Townhouse and Multi-Unit District) |
| RT-4, Chicago (Residential Two-Flat, Townhouse and Multi-Unit District) |
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