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2119 S 51st Ave 13 Unité Immeuble d’appartements 2 008 521 $ CAD (154 502 $ CAD/Unité) 7,74% Taux de capitalisation Cicero, IL 60804



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Faits saillants de l'investissement
- Excellent In-Place Cap-Rate: 7.74%
- More Than 9% Projected Cash Flow on In-Place Income
- Transit-Rich Location - Steps to Metra BNSF Line & CTA Pink Line. Quick Access to I-55 and I-290
- Tier 1 AHSAP Property: 25% Annual Assessment Reduction
- Renovated Interiors Featuring Stainless Steel Appliances and Modern Finishes
Résumé de l'annonce
Essex Realty Group, LLC has been exclusively engaged to market for sale 2119 S 51st Avenue, a well-taken-care-of 13-unit corner brick apartment building located in Cicero, Illinois. The offering presents an opportunity to acquire excellent in-place cash flow with a path to improve it further. In addition, the property is currently in Tier 1 of the AHSAP program offering an investor continued tax relief for a meaningful period of time.
The Subject Property features a three-story corner brick building comprised of six (6) studio apartments, three (3) 1 bed / 1 bath apartments, and four (4) 2 bed / 2 bath apartments totaling approximately 11,300 square feet of rentable area. Units throughout the property have been tastefully renovated as they turn with stainless steel appliances and various other kitchen updates. The property also generates supplemental income through an on-site coin-operated laundry facility.
2119 S 51st Avenue is ideally positioned within Cicero's transit-rich corridor, situated directly adjacent to the CTA Pink Line with convenient access to Interstate 55 and Interstate 290. The Cermak Road retail corridor is just minutes from the property and is anchored by the Hawthorne Works Shopping Center, home to national tenants including AMC Theatres, Burlington, ALDI, Chipotle, and Bank of America.
ASSUMABLE DEBT AVAILABLE AT 5.42% MATURING IN DECEMBER OF 2034 Freddie Mac SBL Loan Serviced by Lument (I/O until 2030). Contact your Essex broker for more information.
The Subject Property features a three-story corner brick building comprised of six (6) studio apartments, three (3) 1 bed / 1 bath apartments, and four (4) 2 bed / 2 bath apartments totaling approximately 11,300 square feet of rentable area. Units throughout the property have been tastefully renovated as they turn with stainless steel appliances and various other kitchen updates. The property also generates supplemental income through an on-site coin-operated laundry facility.
2119 S 51st Avenue is ideally positioned within Cicero's transit-rich corridor, situated directly adjacent to the CTA Pink Line with convenient access to Interstate 55 and Interstate 290. The Cermak Road retail corridor is just minutes from the property and is anchored by the Hawthorne Works Shopping Center, home to national tenants including AMC Theatres, Burlington, ALDI, Chipotle, and Bank of America.
ASSUMABLE DEBT AVAILABLE AT 5.42% MATURING IN DECEMBER OF 2034 Freddie Mac SBL Loan Serviced by Lument (I/O until 2030). Contact your Essex broker for more information.
Faits sur la propriété
| Prix | 2 008 521 $ CAD | Style d’appartement | De hauteur moyenne |
| Prix par unité | 154 502 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 0,16 AC |
| Taux de capitalisation | 7,74% | Taille du bâtiment | 9 346 pi² |
| Multiplicateur du loyer brut | 7.4 | Occupation moyenne | 100% |
| Nombre d’unités | 13 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1923 |
| Sous-type de propriété | Appartement | ||
| Zonage | RS3 | ||
| Prix | 2 008 521 $ CAD |
| Prix par unité | 154 502 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,74% |
| Multiplicateur du loyer brut | 7.4 |
| Nombre d’unités | 13 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Taille du lot | 0,16 AC |
| Taille du bâtiment | 9 346 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 3 |
| Année de construction | 1923 |
| Zonage | RS3 |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 4 | - | - |
1 1
Moyennement accessible à pied
70/100
Moyennement adapté aux voitures
60/100
Bons transports en commun
60/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 16-21-426-009-0000 | Évaluation des bâtiments | 31 658 $ CAD |
| Évaluation du terrain | 8 603 $ CAD | Évaluation totale | 40 261 $ CAD |
Impôts fonciers
Numéro de lot
16-21-426-009-0000
Évaluation du terrain
8 603 $ CAD
Évaluation des bâtiments
31 658 $ CAD
Évaluation totale
40 261 $ CAD
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2119 S 51st Ave
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