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3132 S Lituanica Ave
Chicago, IL 60608
Multifamily Property For Sale
·
7 Units
EXECUTIVE SUMMARY
As the Exclusive Investment Advisor, Greenstone Partners is pleased to present the opportunity to acquire 3132-34 S Lituanica Avenue (the “Property”), a fully leased seven-unit adaptive reuse multi-family investment property in Chicago’s exciting Bridgeport neighborhood. The brand-new gut renovations to the vintage property provide a unique opportunity to enter a highly sought-after multi-family submarket with economies of scale in an exceptional rental product.
The vintage property has received a brand-new gut renovation that includes brand-new windows, floors, electrical, plumbing, HVAC, kitchens, bathrooms, roof, and laundry in-unit. This gives a new investor the rare opportunity to purchase a renovated seven-unit property in Chicago’s Bridgeport neighborhood.
The 8,500 leasable square foot buildings sit on 4,450 square feet of land. The Property consists of two (2) 4 Bed 3 Bath duplex down units, two (2) 2 Bed 2 Bath units, two (2) 1 Bed 1 Bath units, one (1) penthouse 4 Bed 3 Bath unit, and five (5) garage parking spaces.
The Property benefits from outstanding demographics: a 1-mile population of 33,806, an average household income of $79,688, and a median home value of $355,583.
The vintage property has received a brand-new gut renovation that includes brand-new windows, floors, electrical, plumbing, HVAC, kitchens, bathrooms, roof, and laundry in-unit. This gives a new investor the rare opportunity to purchase a renovated seven-unit property in Chicago’s Bridgeport neighborhood.
The 8,500 leasable square foot buildings sit on 4,450 square feet of land. The Property consists of two (2) 4 Bed 3 Bath duplex down units, two (2) 2 Bed 2 Bath units, two (2) 1 Bed 1 Bath units, one (1) penthouse 4 Bed 3 Bath unit, and five (5) garage parking spaces.
The Property benefits from outstanding demographics: a 1-mile population of 33,806, an average household income of $79,688, and a median home value of $355,583.
PROPERTY FACTS
| Price Per Unit | $471,791 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.84% | Building Size | 8,500 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1888/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 0.71/1,000 SF |
| Zoning | RM-6 | ||
| Price Per Unit | $471,791 CAD |
| Sale Type | Investment |
| Cap Rate | 6.84% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1888/2024 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | RM-6 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 1,025 |
| 2+2 | 2 | - | 1,050 |
| 4+3 | 3 | - | 1,578 - 2,300 |
PROPERTY TAXES
| Parcel Number | 17-32-207-040-0000 | Improvements Assessment | $110,044 CAD |
| Land Assessment | $30,733 CAD | Total Assessment | $140,777 CAD |
PROPERTY TAXES
Parcel Number
17-32-207-040-0000
Land Assessment
$30,733 CAD
Improvements Assessment
$110,044 CAD
Total Assessment
$140,777 CAD
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