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414 E 76th St 10 Unit Apartment Building $941,188 CAD ($94,119 CAD/Unit) Chicago, IL 60619
Investment Highlights
- Highly desirable unit mix of one, two and three bedroom units
- Value add opportunity through capturing market rents. Average Rent of $973
- Attractive entry price point; Newer Boiler
- First Time For Sale in 15 years
Executive Summary
Interra Realty is pleased to present for sale the property located at 414 E. 76th St. The subject investment property is a 10 unit, walk-up style, multifamily asset in the historic Grand Crossing neighborhood. The property offers an desirable unit mix of one, two, and three bedroom apartments.
The opportunity presents a buyer with the option to conduct cosmetic renovations in order to achieve higher rental rates in line with other updated units at the property and within the submarket. A new investor has the opportunity to acquire a fully occupied, recently improved property with an further upside remaining in the rent roll.
The opportunity presents a buyer with the option to conduct cosmetic renovations in order to achieve higher rental rates in line with other updated units at the property and within the submarket. A new investor has the opportunity to acquire a fully occupied, recently improved property with an further upside remaining in the rent roll.
Property Facts
| Price | $941,188 CAD | Building Class | C |
| Price Per Unit | $94,119 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 10,898 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RS-2 | ||
| Price | $941,188 CAD |
| Price Per Unit | $94,119 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 10,898 SF |
| No. Stories | 2 |
| Year Built | 1913 |
| Opportunity Zone |
Yes |
| Zoning | RS-2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $1,705 CAD | - |
| 2+1 | 2 | $1,523 CAD | - |
| 1+1 | 6 | $1,170 CAD | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-27-400-033-0000 | Improvements Assessment | $85,151 CAD |
| Land Assessment | $16,213 CAD | Total Assessment | $101,364 CAD |
Property Taxes
Parcel Number
20-27-400-033-0000
Land Assessment
$16,213 CAD
Improvements Assessment
$85,151 CAD
Total Assessment
$101,364 CAD
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414 E 76th St
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