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3245 W 23rd St
Chicago, IL 60623
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Strong Cash Flow
- New Rehab
- Below Market Rents
- Rapidly Appreciating Neighborhood
EXECUTIVE SUMMARY
Welcome to the perfect investment opportunity in the vibrant neighborhood of Little Village! Presenting a 10-unit multifamily building that combines the benefits of a prime location, below market rents, and recently rehabbed units. This property offers tremendous potential for both immediate cash flow and long-term growth. One of the standout features of this multifamily building is its below market rents. With rental rates lower than the prevailing market rates in the area, this property provides a unique advantage. This presents an excellent opportunity for an investor to capitalize on the potential for increased cash flow. By gradually raising the rents to market levels, you can significantly boost your monthly income and enhance the overall profitability of the investment. Located in the vibrant community of Little Village, this building is situated in an area experiencing rapid growth and development. Little Village has become a highly sought-after destination, attracting a diverse and thriving population. The neighborhood offers a rich cultural atmosphere, with an array of local businesses, shops, and restaurants, creating a vibrant and dynamic living experience for residents.
PROPERTY FACTS
| Price Per Unit | $379,584 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.03% | Building Size | 5,883 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1905 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 | ||
| Price Per Unit | $379,584 CAD |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,883 SF |
| No. Stories | 3 |
| Year Built | 1905 |
| Zoning | RT-4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 900 |
PROPERTY TAXES
| Parcel Number | 16-26-214-006-0000 | Improvements Assessment | $62,309 CAD |
| Land Assessment | $5,671 CAD | Total Assessment | $67,980 CAD |
PROPERTY TAXES
Parcel Number
16-26-214-006-0000
Land Assessment
$5,671 CAD
Improvements Assessment
$62,309 CAD
Total Assessment
$67,980 CAD
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