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701 S 5th Ave

26 Unit Block of Flats £1,684,095 (£64,773/Unit) 10.73% Net Initial Yield Maywood, IL 60153

Executive Summary

CRER is pleased to present a 26-unit mixed use building in Maywood, IL. The unit mix includes (2) 2 bedroom, 2 bath, (4) 1 bedroom, 1 bath, (14) studio, and (6) commercial units. Recent upgrades to the building include newer windows, hot water tanks, updated electric/plumbing, and individual furnaces. There is a laundry room in the building with two washers and two dryers as well as on-site parking. The property is zoned C-2 and is situated on a 41,250 Sq. Ft. parcel of land.
There is an opportunity to assume the existing loan with a fixed interest rate of 4.10% and LTV of 77%.
https://www.crer.com/properties/701-s-5th-ave-maywood-il-60153/

Property Facts

Price £1,684,095 Building Class C
Price Per Unit £64,773 Lot Size 0.95 AC
Sale Type Investment Building Size 90,750 SF
Net Initial Yield 10.73% Average Occupancy 96%
No. Units 26 Number of Floors 3
Property Type Residential Year Built 1929
Property Subtype Apartment Parking Ratio 0.21/1,000 SF
Apartment Style Low Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £1,684,095
Price Per Unit £64,773
Sale Type Investment
Net Initial Yield 10.73%
No. Units 26
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.95 AC
Building Size 90,750 SF
Average Occupancy 96%
Number of Floors 3
Year Built 1929
Parking Ratio 0.21/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning

Site Amenities

  • 24 Hour Access
1 of 1
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 15-11-344-001-0000 Improvements Assessment £166,957
Land Assessment £53,992 Total Assessment £220,949

PROPERTY TAXES

Parcel Number
15-11-344-001-0000
Land Assessment
£53,992
Improvements Assessment
£166,957
Total Assessment
£220,949

zoning

Zoning Code C-2
C-2
(606) 375-5398

Contact

  • Listing ID: 34161320

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 701 S 5th Ave, Maywood, IL 60153

The Residential Property at 701 S 5th Ave, Maywood, IL 60153 is currently available for sale. Contact Chicago Real Estate Resources for more information.

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701 S 5th Ave
(606) 375-5398 x

701 S 5th Ave

Finley Askin

(606) 375-5398

(606) 375-5398

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