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7254 S Constance 16 Unit Apartment Building $2,284,130 CAD ($142,758 CAD/Unit) 11.20% Cap Rate Chicago, IL 60649
Investment Highlights
- Stabilized Asset: An Incoming Investor is Set to Achieve an 9.6% Cap Rate Day One
- Strong Rents: 11 Units are Currently Rented to Subsidy Tenants
- New Developments: Close Proximity to the Obama Presidential Library Site
- Tax Reduction: This Property is a part of the AHSAP Program, Offering a Reduction in Assessed Value
- Long-Term Ownership: Meticulously Maintained & Managed by a Long-Term Local Owner
Executive Summary
Nara Realty Advisors is Pleased to Present 7254 S Constance Ave, a 16-Unit Multifamily Building In Chicago's South Shore Neighborhood.
Property Facts
| Price | $2,284,130 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $142,758 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 11.20% | Building Size | 12,000 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1923 |
| Zoning | C | ||
| Price | $2,284,130 CAD |
| Price Per Unit | $142,758 CAD |
| Sale Type | Investment |
| Cap Rate | 11.20% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1923 |
| Zoning | C |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-25-118-005-0000 | Improvements Assessment | $68,952 CAD |
| Land Assessment | $7,721 CAD | Total Assessment | $76,673 CAD |
Property Taxes
Parcel Number
20-25-118-005-0000
Land Assessment
$7,721 CAD
Improvements Assessment
$68,952 CAD
Total Assessment
$76,673 CAD
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7254 S Constance
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