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7115-7125 S East End Ave 31 Unité Immeuble d’appartements 4 228 642 $ CAD (136 408 $ CAD/Unité) 9,01% Taux de capitalisation Chicago, IL 60649
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Nineteen (19) 2Bd/1Ba & Twelve 1Bd/1Ba Units
- 9% Cap Rate
- $2,135,000 Loan Balance | Matures 1/1/2032
- Completely Gut Renovated
- Assumable Debt 3.85% Interest Rate
- Modern Kitchens & Baths w/ Granite Countertops & Stainless Steel Appliances
RÉSUMÉ DE L'ANNONCE
Kiser Group is pleased to exclusively present for purchase, 7115 S. East End, an absolutely beautiful, thirty-one (31) unit courtyard
building located in Chicago's historic and booming South Shore Neighborhood. Sitting just blocks away from Lake Michigan to
the East, the neighborhood has seen unprecedented growth and demand over the years. With an abundance of recent developments in the area, including the construction of the Obama Presidential Library, the neighborhood is poised for further growth and appreciation.
7115 S. East End has a great unit composition comprised of nineteen (19) 2Bd/1Ba, and twelve (12) 1Bd/1Ba. All of the apartments have been renovated with new kitchens and baths complete with stainless steel appliances and granite countertops. Additional improvements to the building consist of, but not limited to: an updated roof, 100% copper plumbing, individual furnaces, newer hot water tanks (2020), and an on-site laundry facility.
7115 S. East End provides an investor immediate scale in one of Chicago’s most desirable appreciating neighborhoods. From day one, a new owner will realize an in place cap rate of 9% along with an in place cash return of almost 17%. Solely by increasing under market rents to market rates currently and already being achieved in the building, an investor has the opportunity to realize a cap rate of over 11%.
Assumable Financing:
- $2,135,000 Debt balance
- Loan: 3.85%; Expires 1/1/2032
building located in Chicago's historic and booming South Shore Neighborhood. Sitting just blocks away from Lake Michigan to
the East, the neighborhood has seen unprecedented growth and demand over the years. With an abundance of recent developments in the area, including the construction of the Obama Presidential Library, the neighborhood is poised for further growth and appreciation.
7115 S. East End has a great unit composition comprised of nineteen (19) 2Bd/1Ba, and twelve (12) 1Bd/1Ba. All of the apartments have been renovated with new kitchens and baths complete with stainless steel appliances and granite countertops. Additional improvements to the building consist of, but not limited to: an updated roof, 100% copper plumbing, individual furnaces, newer hot water tanks (2020), and an on-site laundry facility.
7115 S. East End provides an investor immediate scale in one of Chicago’s most desirable appreciating neighborhoods. From day one, a new owner will realize an in place cap rate of 9% along with an in place cash return of almost 17%. Solely by increasing under market rents to market rates currently and already being achieved in the building, an investor has the opportunity to realize a cap rate of over 11%.
Assumable Financing:
- $2,135,000 Debt balance
- Loan: 3.85%; Expires 1/1/2032
FAITS SUR LA PROPRIÉTÉ
| Prix | 4 228 642 $ CAD | Style d’appartement | De hauteur moyenne |
| Prix par unité | 136 408 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,35 AC |
| Taux de capitalisation | 9,01% | Taille du bâtiment | 25 962 pi² |
| Nombre d’unités | 31 | Occupation moyenne | 100% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 4 |
| Sous-type de propriété | Appartement | Année de construction | 1925 |
| Zonage | RT-4, Chicago - Quartier Résidentiel à Deux Logements, Maison en Rangée et Immeubles à Plusieurs Unités | ||
| Prix | 4 228 642 $ CAD |
| Prix par unité | 136 408 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 9,01% |
| Nombre d’unités | 31 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Taille du lot | 0,35 AC |
| Taille du bâtiment | 25 962 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 4 |
| Année de construction | 1925 |
| Zonage | RT-4, Chicago - Quartier Résidentiel à Deux Logements, Maison en Rangée et Immeubles à Plusieurs Unités |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Balcon
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Fourchette
COMMODITÉS DU SITE
- Cour
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 12 | - | 800 |
| 2+1 | 19 | - | 1 000 |
1 1
Walk Score®
Très pratique à pied (87)
Impôts fonciers
| Numéro de lot | 20-25-102-007-0000 | Évaluation des bâtiments | 316 375 $ CAD |
| Évaluation du terrain | 26 612 $ CAD | Évaluation totale | 342 987 $ CAD |
Impôts fonciers
Numéro de lot
20-25-102-007-0000
Évaluation du terrain
26 612 $ CAD
Évaluation des bâtiments
316 375 $ CAD
Évaluation totale
342 987 $ CAD
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7115-7125 S East End Ave
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