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7830 S Yates 10 Unit Apartment Building $649,657 CAD ($64,966 CAD/Unit) 9.22% Cap Rate Chicago, IL 60649
Investment Highlights
- Cash flowing property with attractive entry price point
- Desirable location in appreciating South Shore Market
- Opportunity to reach 11%+ cap rate
Executive Summary
Interra Realty is pleased to market for sale the property at 7830 S Yates Blvd in Chicago's South Shore neighborhood. The subject property is comprised of 10 one-bedroom apartments. Located in a rapidly appreciating market area with proximity to Rainbow Beach Park and the Metra Electric commuter line.
The subject property has undergone improvements including new luxury vinyl plank flooring and updated kitchens including new cabinets and stainless steel appliances. Bathrooms have been outfitted with modern finishes. The property presents potential investors with the opportunity to acquire a cash flowing asset with the opportunity to improve performance. Through capturing market rents, a future owner has the opportunity to achieve an 11%+ cap rate in a rapidly appreciating south side neighborhood.
The subject property has undergone improvements including new luxury vinyl plank flooring and updated kitchens including new cabinets and stainless steel appliances. Bathrooms have been outfitted with modern finishes. The property presents potential investors with the opportunity to acquire a cash flowing asset with the opportunity to improve performance. Through capturing market rents, a future owner has the opportunity to achieve an 11%+ cap rate in a rapidly appreciating south side neighborhood.
Property Facts Under Contract
| Price | $649,657 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $64,966 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 9.22% | Building Size | 5,712 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.53/1,000 SF |
| Zoning | RT-4, Chicago - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $649,657 CAD |
| Price Per Unit | $64,966 CAD |
| Sale Type | Investment |
| Cap Rate | 9.22% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,712 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.53/1,000 SF |
| Zoning | RT-4, Chicago - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Tile Floors
- Tub/Shower
- Carpet
- Yard
- Handrails
- Lawn
- Porch
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-25-430-039-0000 | Improvements Assessment | $70,702 CAD |
| Land Assessment | $10,539 CAD | Total Assessment | $81,241 CAD |
Property Taxes
Parcel Number
20-25-430-039-0000
Land Assessment
$10,539 CAD
Improvements Assessment
$70,702 CAD
Total Assessment
$81,241 CAD
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7830 S Yates
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