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7600-14 S South Shore Dr 39 Unit Apartment Building $3,432,000 CAD ($88,000 CAD/Unit) 11.18% Cap Rate Chicago, IL 60649
Investment Highlights
- 10.57% Stabilized Cap & 15.56% Stabilized Cash-on-Cash Return.
- This courtyard building consists of: 28 One-Bedroom/One-Bath Apartments and 11 Two-Bedroom/One-Bath Apartments.
- With minor renovations, an investor can capture nearly $200,000 in additional rental income.
- Three-minute walk to Rainbow Beach, five-minute walk to Metra’s Windsor Park station, and a 11-minute drive to the University of Chicago.
Property Facts
| Price | $3,432,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $88,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 11.18% | Building Size | 31,683 SF |
| No. Units | 39 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | RM-5, Chicago - Residential Multi-Unit District. Medium to high-density apartment buildings are allowed. | ||
| Price | $3,432,000 CAD |
| Price Per Unit | $88,000 CAD |
| Sale Type | Investment |
| Cap Rate | 11.18% |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 31,683 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | RM-5, Chicago - Residential Multi-Unit District. Medium to high-density apartment buildings are allowed. |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | 650 |
| 2+1 | 11 | - | 850 |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $313,017 CAD | |
| Land Assessment | $37,754 CAD | Total Assessment | $350,771 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$37,754 CAD
Improvements Assessment
$313,017 CAD
Total Assessment
$350,771 CAD
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7600-14 S South Shore Dr
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