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6927 S Hermitage Ave
Chicago, IL 60636
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Property was recently renovated in 2020.
- Two common laundry rooms are available.
- All 3 units feature quality finishes and up-to-date appliances.
- Property features a 2-car garage.
Executive Summary
Renovated in 2020 and stabilized with 3 current tenants, two of which are on annual leases expiring 12/2026 and 12/2027 respectively with basement unit being Month to month with the option of vacancy at closing which offers flexibility to the investor that adds this property to their portfolio. All tenants are currently at or near Market Rates. Well maintained to date, all three units feature Condo Quality Finishes, SS Appliances, Central Heat, modern baths and kitchens. Units 1 and 2 have hardwood floors throughout while the basement features large ceramic tile through out. The building features two common laundry rooms, additional storage closets and a 2 car garage. Current Gross Proforma Rents $3965 monthly or $47,580 annually - Low Taxes = Positive Cash Flow for the investor seeking a turn key option!
Property Facts Under Contract
| Price Per Unit | $162,599 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,412 SF |
| Cap Rate | 11.47% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1909/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | 10 - LEGAL TWO FLAT WITH NON-CONFORMING BASEMENT IN LAW SUITE. BASEMENT UNIT HAS LEGAL HEIGHT AND EGRESS ALONG WITH WINDOWS AND CLOSETS IN BOTH BEDROOMS. | ||
| Price Per Unit | $162,599 CAD |
| Sale Type | Investment |
| Cap Rate | 11.47% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,412 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1909/2020 |
| Parking Ratio | 0.83/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 10 - LEGAL TWO FLAT WITH NON-CONFORMING BASEMENT IN LAW SUITE. BASEMENT UNIT HAS LEGAL HEIGHT AND EGRESS ALONG WITH WINDOWS AND CLOSETS IN BOTH BEDROOMS. |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Basement
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,698 CAD | 1,100 |
| 3+1 | 2 | $1,845 CAD | 1,200 |
Property Taxes
| Parcel Number | 20-19-421-014-0000 | Improvements Assessment | $17,775 CAD |
| Land Assessment | $1,247 CAD | Total Assessment | $19,023 CAD |
Property Taxes
Parcel Number
20-19-421-014-0000
Land Assessment
$1,247 CAD
Improvements Assessment
$17,775 CAD
Total Assessment
$19,023 CAD
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