9001 S Ashland Ave
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9001 S Ashland Ave
25 Unit Apartment Building $1,575,000 ($63,000/Unit) 9.60% 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
- Recent Rehab by Ownership Includes New Boiler, New Porch, Roof Recoated
- Stabilized, Cash-Flowing Asset
- Professionally Maintained, Ownership Has Done the Heavy Lifting
- 5/6 Commercial Units Occupied
Executive Summary
Essex Realty Group, Inc. has been engaged to exclusively market for sale 9001 S Ashland, a 25 unit mixed-use property located in Chicago's Brainerd neighborhood.
Property Facts
| Price | $1,575,000 | Apartment Style | Low Rise |
| Price Per Unit | $63,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 9.60% | Building Size | 20,300 SF |
| No. Units | 25 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment |
| Price | $1,575,000 |
| Price Per Unit | $63,000 |
| Sale Type | Investment |
| Cap Rate | 9.60% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 20,300 SF |
| No. Stories | 3 |
| Year Built | 1928 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | - |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 25-05-124-001-0000 | Improvements Assessment | $200,507 |
| Land Assessment | $10,993 | Total Assessment | $211,500 |
PROPERTY TAXES
Parcel Number
25-05-124-001-0000
Land Assessment
$10,993
Improvements Assessment
$200,507
Total Assessment
$211,500
zoning
| Zoning Code | C2-2 |
| C2-2 |
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9001 S Ashland Ave
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