Unity Hall | 3140 S Indiana Ave
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Unity Hall 3140 S Indiana Ave
21 Unit Block of Flats £3,453,960 (£164,474/Unit) 7.07% Net Initial Yield Chicago, IL 60616
Investment Highlights
- Historic, Landmark Designated Building
- All Newer Building Systems Within Significantly Improved, Vintage Envelope
- Fully Renovated with Modern Finishes and Individual HVAC
- Strong Location in "The Gap" Submarket of Bronzeville
Executive Summary
Interra Realty has been exclusively engaged to market 3138-40 S. Indiana Avenue, "Unity Hall", for sale. The subject investment property
is a historically significant, fully renovated multifamily asset in a strong location within the Bronzeville Neighborhood.
The property features studio, two, three and four bedroom apartments. All units have market leading modern finishes and individual
HVAC. The facade and envelope were beautifully restored and building systems were all replaced during the renovation. Common area
amenities include on-site laundry (owned/free) and a shared patio for grilling.
A qualified investor has the rare opportunity to acquire a stabilized and renovated multifamily asset in the booming Bronzeville
neighborhood.
is a historically significant, fully renovated multifamily asset in a strong location within the Bronzeville Neighborhood.
The property features studio, two, three and four bedroom apartments. All units have market leading modern finishes and individual
HVAC. The facade and envelope were beautifully restored and building systems were all replaced during the renovation. Common area
amenities include on-site laundry (owned/free) and a shared patio for grilling.
A qualified investor has the rare opportunity to acquire a stabilized and renovated multifamily asset in the booming Bronzeville
neighborhood.
Property Facts
| Price | £3,453,960 | Property Subtype | Apartment |
| Price Per Unit | £164,474 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 7.07% | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 8.81 | Building Size | 14,016 SF |
| No. Units | 21 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 2015 |
| Price | £3,453,960 |
| Price Per Unit | £164,474 |
| Sale Type | Investment |
| Net Initial Yield | 7.07% |
| Gross Rent Multiplier | 8.81 |
| No. Units | 21 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 14,016 SF |
| Number of Floors | 3 |
| Year Built | 2015 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 238 - 320 |
| 2+1 | 5 | - | 425 - 585 |
| 2+2 | 1 | - | 782 |
| 3+2 | 7 | - | 800 - 882 |
| 4+2 | 2 | - | 1,531 - 1,654 |
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Walk Score ®
Very Walkable (70)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 17-34-102-031-0000 | Improvements Assessment | £127,466 |
| Land Assessment | £12,715 | Total Assessment | £140,181 |
PROPERTY TAXES
Parcel Number
17-34-102-031-0000
Land Assessment
£12,715
Improvements Assessment
£127,466
Total Assessment
£140,181
zoning
| Zoning Code | M1 |
| M1 |
-
Joe Smazal -
Lucas Fryman -
Mark Dykstra -
Interra Realty
(312) 477-0194
x423
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Unity Hall | 3140 S Indiana Ave
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