BEDS0
BATHS
SQUARE FEET8,000
MLS#12470440
STATUSContingent
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare opportunity to find a newer construction apartment building at this price point with upside opportunity. This impressive 7-unit property, originally built as condos in 2004, offers an attractive real estate investment in a prime location. This solid brick and block construction building features elevator service to all floors. The building consists of six spacious 2-bedroom, 2-bathroom units and 1 store front (or 7th apt) and 6 attached garage spaces. The 7th unit features a separate entrance from the sidewalk, making it ideal for a small business office space or short-term rental. Located on the Near West Side of Chicago, walking distance to the United Center Arena, Madison St bus lines, Illinois Medical District, and expressways. Tenants will love the easy commutes and convenient access to amenities, entertainment, and transportation. Rents are considerably below market and present the opportunity to increase cash flow and ultimately property value, with new leases. We project an NOI of $143,006 and corresponding CAP rate of 7.7 when new rents are put in place. With its newer construction, prime location, feature-rich units, and the potential for future rent growth & value enhancement, this 7-unit apartment building represents a solid investment choice. Call today.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 0.07 Acres
Stories: 4.0
Taxes: $20,903
Year Built: 2004
Feature Descriptions
Current Use: Multi-Family
Drains: Balcony/ies
Exterior: Brick, Concrete
Foundation: Concrete Perimeter
Frontage Type: City Street, Alley Access
HVAC: Gas
Lot Dimensions: 25X132
Miscellaneous Indoor: Elevator/s Passenger
Miscellaneous Outdoor: Balcony/ies
Parcel#: 17181010930000
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 7
Listed By / Shown By
Listed By
Agency Name: Keller Williams ONEChicago
Agency Phone: 312-216-2422
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 6,398.80 per month $4,117.30 Principal & Interest $1,741.92 Property Tax $539.58 Homeowner's InsuranceChange Payment Information
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14 S Leavitt Street | MLS# 12470440
This multi-family property located at 14 S Leavitt Street, Chicago, IL 60612 is currently listed for sale with an asking price of $1,850,000. Search Chicago real estate on www.bhhscrosby.com today.