Courtesy of: Thomas Hart, 33 Realty, gene.hart@33realty.com
Courtesy of: Thomas Hart, 33 Realty, gene.hart@33realty.com
$675,000
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Lot: 0.78 Acres
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Other
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$675,000
1264 S Saint Louis Avenue We are pleased to present for sale 1264 S. Saint Louis Avenue, a 6-unit multi-family investment property opportunity in Homan Square. The property was extensively rehabbed in 2017 and consists of three 2-bed / 1-bath and three 3-bed / 1-bath apartments with individual gas-forced heat and hot water tanks. The residents are responsible for individual electric and gas responsibilities. 2017 rehab included: electric upgrade to 400 amp, new masthead, plumbing, waste & supply lines, HVAC, masonry, meters, replaced joists where needed, windows, unit interiors - all per plans permits approved by city of Chicago. There is significant opportunity for a new operator to bring rents to market to increase the in-place cap rate of 8.95 to 12.80.
Courtesy of: Thomas Hart, 33 Realty, gene.hart@33realty.com
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