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7526-7536 S Colfax Ave 25 Unit Apartment Building $3,267,610 CAD ($130,704 CAD/Unit) 11.90% Cap Rate Chicago, IL 60649
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Opportunity to Add Value by Increasing Currently Below Market Rents
- Situated Within One Block of Windsor Park ME Line Metra Stop
- Favorable Mix of All 2 and 3 Bedroom Units
- Almost All Units are Recently Renovated
Executive Summary
Nara Realty Advisors is pleased to exclusively market for sale 7526 S Colfax Ave, a 25-unit apartment building located in Chicago's South Shore neighborhood.
Property Facts
| Price | $3,267,610 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $130,704 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 11.90% | Building Size | 21,000 SF |
| No. Units | 25 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RT-4, Chicago - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $3,267,610 CAD |
| Price Per Unit | $130,704 CAD |
| Sale Type | Investment |
| Cap Rate | 11.90% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 21,000 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | RT-4, Chicago - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | - | 1,080 |
| 3+1 | 7 | - | 1,080 |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 21-30-303-011-0000 | Improvements Assessment | $252,939 CAD |
| Land Assessment | $26,425 CAD | Total Assessment | $279,364 CAD |
Property Taxes
Parcel Number
21-30-303-011-0000
Land Assessment
$26,425 CAD
Improvements Assessment
$252,939 CAD
Total Assessment
$279,364 CAD
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7526-7536 S Colfax Ave
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