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7919 S Maryland Ave 37 Unit Apartment Building $3,835,890 CAD ($103,673 CAD/Unit) 11.20% Cap Rate Chicago, IL 60619
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- 33/35 Units are Subsidized
- Opportunity to Add Value by Increasing Currently Below Market Rents
- Stabilized, Cash-Flowing Asset; Investor to Achieve 9.8% Cap Returns on Day One
- 12 Units are on a Master Lease with a Subsidized Housing Agency
- Located 4 Blocks From Metra ME Line 79th St Stop
Executive Summary
Nara realty advisors is pleased to exclusively present for sale 7919 S Maryland Ave, a 35-unit apartment building located in Chicago's Chatham neighborhood.
Property Facts
| Price | $3,835,890 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $103,673 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 11.20% | Building Size | 25,000 SF |
| No. Units | 37 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2005 |
| Property Subtype | Apartment | ||
| Zoning | RS-3, Chicago | ||
| Price | $3,835,890 CAD |
| Price Per Unit | $103,673 CAD |
| Sale Type | Investment |
| Cap Rate | 11.20% |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 25,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1928/2005 |
| Zoning | RS-3, Chicago |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 30 | - | 750 |
| 2+1 | 1 | - | - |
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-35-101-004-0000 | Improvements Assessment | $266,780 CAD |
| Land Assessment | $34,408 CAD | Total Assessment | $301,188 CAD |
Property Taxes
Parcel Number
20-35-101-004-0000
Land Assessment
$34,408 CAD
Improvements Assessment
$266,780 CAD
Total Assessment
$301,188 CAD
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7919 S Maryland Ave
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