South Shore cash cow for sale! Looking for an armchair investment with some upside included? This six unit apartment building presents the new owner with the opportunity to acquire an in place cap rate of 9.6 with pro forma numbers topping a 12 cap. The building has six 2 bed/1 bath apartments, and is currently 100% occupied. The building was fully rehabbed in 2016 and all units have updated kitchens and baths. Tenants pay the heat in this building as all six apartments have separate gas forced air as well. The property is located walking distance to Lake Michigan, near the Jeffery Plaza Shopping Center and near all the best public transit hubs. With the fantastic location in the South Shore neighborhood, plenty of upside on the rents and stable income history, this six unit is a once in a lifetime opportunity.
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Property Details
Utilities
Heating
Cooling
Water
Sewer
Additional Information
Parking
3 Parking Spaces
Payment Calculator
Listing History
04-25-2020
Listed at $439,000
05-07-2020
Status changed to Under Contract
05-21-2020
Status changed to Active
08-14-2020
Status changed to Under Contract
09-30-2020
Status changed to Cancelled
Last Modified 9/30/20 1:41 PM
Nearby Transportation
Bus 15
0.1 mi
Bus 5
0.1 mi
Bus 95
0.1 mi
Bus 71
0.2 mi
Bus 75
0.3 mi
Bus J14
0.3 mi
Bus 26
0.5 mi
Bus 6
0.5 mi
Bus 28
0.6 mi
Bus 67
0.7 mi
Bus 79
0.8 mi
Bus 30
1.0 mi
Metra Electric
0.3 mi
I 90 East
0.8 mi
I 90 West
2.6 mi
I 94 West
2.6 mi
I 94 East
2.7 mi
Hwy 57
4.2 mi
Hwy 57
4.8 mi
I 90 East
4.9 mi
For More Information
(312) 528-9200
For more information about 2046 E 73rd, Chicago, IL 60649 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Second City Real Estate
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
