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8018-8020 S Eberhart Ave 13 Unit Apartment Building $1,135,266 CAD ($87,328 CAD/Unit) 7% Cap Rate Chicago, IL 60619
Investment Highlights
- 13 Units: All 1 BD/1 BA Unit Layouts
- Ability to Increase Rents to Market Levels Upon Tenant Turnover (AVG 1 BD RENT: $878)
- Updated Systems/Mechanicals & Newer Roof
- Pridefully Managed By Long Term Ownership Group
- Units Renovated Over Course of Ownership
- Upgraded Porches, Laundry Room On-Site
Executive Summary
Interra Realty LLC has been exclusively engaged to present 8018-20 S. Eberhart Ave for sale. A center entrance, 13 unit multifamily asset featuring all 1 BD/1 BA units with spacious floor plans. Located in Chicago's South Side in the Chatham submarket, the property has been pridefully maintained and managed by a long term ownership group and presents a significant value add component by bringing rents to market levels upon tenant turnover.
Current ownership has updated all units and has made significant cap-ex improvements including an updated roof, porches, electric, plumbing, and windows. A qualified investor has the opportunity to acquire a turn key, well managed, stabilized asset in one of Chicago's fastest appreciating submarkets with the ability to continue to increase rents to the top of the market.
Current ownership has updated all units and has made significant cap-ex improvements including an updated roof, porches, electric, plumbing, and windows. A qualified investor has the opportunity to acquire a turn key, well managed, stabilized asset in one of Chicago's fastest appreciating submarkets with the ability to continue to increase rents to the top of the market.
Property Facts
| Price | $1,135,266 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $87,328 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7% | Building Size | 2,371 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4, Chicago - Residential | ||
| Price | $1,135,266 CAD |
| Price Per Unit | $87,328 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,371 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | R4, Chicago - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 20-34-209-023-0000 | Improvements Assessment | $19,439 CAD |
| Land Assessment | $3,817 CAD | Total Assessment | $23,256 CAD |
Property Taxes
Parcel Number
20-34-209-023-0000
Land Assessment
$3,817 CAD
Improvements Assessment
$19,439 CAD
Total Assessment
$23,256 CAD
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8018-8020 S Eberhart Ave
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