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7245-7255 S Bennett Ave 19 Unit Apartment Building $2,789,000 CAD ($146,789 CAD/Unit) 11.10% Cap Rate Chicago, IL 60649
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Incoming investor is poised to achieve a 9.5% cap rate day one
- Within walking distance to the Bryn Mawr Metra Electric Line Stop - providing quick access to downtown Chicago
- Professionally operated and meticulously maintained by a long term local owner
- Close proximity to the South Shore cultural center
Executive Summary
Nara Advisors is pleased to exclusively market for sale 7245 S Bennett Ave, a 19-unit apartment building located in Chicago's South Shore neighborhood.
Property Facts
| Price | $2,789,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $146,789 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 11.10% | Building Size | 20,574 SF |
| No. Units | 19 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | ||
| Zoning | RT-4, Chicago - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $2,789,000 CAD |
| Price Per Unit | $146,789 CAD |
| Sale Type | Investment |
| Cap Rate | 11.10% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 20,574 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Zoning | RT-4, Chicago - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 19 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-25-120-010-0000 | Improvements Assessment | $91,679 CAD |
| Land Assessment | $13,467 CAD | Total Assessment | $105,145 CAD |
Property Taxes
Parcel Number
20-25-120-010-0000
Land Assessment
$13,467 CAD
Improvements Assessment
$91,679 CAD
Total Assessment
$105,145 CAD
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7245-7255 S Bennett Ave
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