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8735 S Beverly Blvd
Chicago, IL 60620
Multifamily Property For Sale
·
12 Units
Investment Highlights
- 12 Units
- Attractive entry price point
- Desirable mix of one, two, and three-bedroom units
- Heavy value add opportunity requiring full rehab
Executive Summary
Interra Realty is pleased to market for sale the property at 8375 S Beverly Ave in Chicago's Brainerd neighborhood. The subject property is comprised of 12 apartments with a unit mix of three (3) studios, four (4) one-bedroom, and five (5) twobedroom units.
The property is currently vacant and presents potential investors with the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. The property is completely gutted and requires a full rehab. Through completing the rehab and building a new rent roll future owners will be positioned to achieve an 11% cap rate.
The property is currently vacant and presents potential investors with the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. The property is completely gutted and requires a full rehab. Through completing the rehab and building a new rent roll future owners will be positioned to achieve an 11% cap rate.
Property Facts Under Contract
| Price Per Unit | $42,741 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 9,395 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Building Class | C | ||
| Zoning | RT-4 - Residential | ||
| Price Per Unit | $42,741 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 9,395 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | RT-4 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 5 | - | - |
Property Taxes
| Parcel Number | 25-06-200-086-0000 | Improvements Assessment | $28,727 CAD |
| Land Assessment | $12,831 CAD | Total Assessment | $41,559 CAD |
Property Taxes
Parcel Number
25-06-200-086-0000
Land Assessment
$12,831 CAD
Improvements Assessment
$28,727 CAD
Total Assessment
$41,559 CAD
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