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1901 W Pryor Ave 34 Unit Apartment Building $5,025,312 CAD ($147,803 CAD/Unit) 8.02% Cap Rate Chicago, IL 60643
INVESTMENT HIGHLIGHTS
- REO Sale
- All Electric Building (1200 AMP Service)
- Baseboard Heat
- Metra Distance: 450ft
- Individual Hot Water Heaters
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively offer for purchase the sale of 1901 West Pryor Avenue, a thirty-four (34) unit building in Chicago’s Morgan Park Neighborhood. The subject property is situated directly across the street from Prospect Gardens Park and just a few blocks from Morgan Park High School to the East. Additionally, the building is two blocks northeast of the 111th St. – Morgan Park Station, providing quick and easy tenant transportation to Chicago’s downtown.
1901 West Pryor Avenue is comprised of thirty-four (34) 1Bd/1Ba units, of which twenty-eight (28) sit vacant. Some interior units have been updated, providing new cabinets and hardwood flooring throughout. Additionally, the building is all electric, with 1200 AMP service and baseboard heat. Recent capital improvements include but are not limited to: individual hot water heaters, in-unit breakers, and touchless laundry systems.
1901 West Pryor Avenue presents an investor with a unique opportunity to acquire a building with tremendous upside in a CHA Mobility Zone. A buyer has the opportunity to occupy vacant apartments at strong market or subsidized rates being achieved locally.
1901 West Pryor Avenue is comprised of thirty-four (34) 1Bd/1Ba units, of which twenty-eight (28) sit vacant. Some interior units have been updated, providing new cabinets and hardwood flooring throughout. Additionally, the building is all electric, with 1200 AMP service and baseboard heat. Recent capital improvements include but are not limited to: individual hot water heaters, in-unit breakers, and touchless laundry systems.
1901 West Pryor Avenue presents an investor with a unique opportunity to acquire a building with tremendous upside in a CHA Mobility Zone. A buyer has the opportunity to occupy vacant apartments at strong market or subsidized rates being achieved locally.
PROPERTY FACTS Under Contract
| Price | $5,025,312 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $147,803 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.77 AC |
| Cap Rate | 8.02% | Building Size | 33,018 SF |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Zoning | RT-4 | ||
| Price | $5,025,312 CAD |
| Price Per Unit | $147,803 CAD |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 33,018 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | RT-4 |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 34 | - | 660 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 25-18-418-026-0000 | Improvements Assessment | $289,188 CAD |
| Land Assessment | $57,868 CAD | Total Assessment | $347,056 CAD |
PROPERTY TAXES
Parcel Number
25-18-418-026-0000
Land Assessment
$57,868 CAD
Improvements Assessment
$289,188 CAD
Total Assessment
$347,056 CAD
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1901 W Pryor Ave
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