8000 S Ashland Ave
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8000 S Ashland Ave
20 Unit Apartment Building $1,300,000 ($65,000/Unit) 10.10% Cap Rate Chicago, IL 60620
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Opportunity for Investor to Add Value by Increasing Currently Below Market Residential Rents
- New Roof, Boiler and Water Heater as of 2020
- Stabilized Asset, All Residential Units Occupied, 3/4 Commercial Units Occupied
- Well Maintained, Minimal Maintenance Needed
Executive Summary
Essex Realty Group, Inc. has been engaged to exclusively market for sale 8000 S Ashland, a 20 unit mixed-use building located in Chicago’s Auburn Gresham neighborhood.
Property Facts
| Price | $1,300,000 | Apartment Style | Low Rise |
| Price Per Unit | $65,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 10.10% | Building Size | 13,425 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,300,000 |
| Price Per Unit | $65,000 |
| Sale Type | Investment |
| Cap Rate | 10.10% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 13,425 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
Unit Amenities
- Kitchen
- Tub/Shower
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PROPERTY TAXES
| Parcel Number | 20-31-215-018-0000 | Improvements Assessment | $105,357 |
| Land Assessment | $4,743 | Total Assessment | $110,100 |
PROPERTY TAXES
Parcel Number
20-31-215-018-0000
Land Assessment
$4,743
Improvements Assessment
$105,357
Total Assessment
$110,100
zoning
| Zoning Code | R-4, Chicago (Opportunity Zone) |
| R-4, Chicago (Opportunity Zone) |
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8000 S Ashland Ave
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