7528 S Coles Ave 6 Unit Block of Flats £471,113 (£78,519/Unit) 9.20% Net Initial Yield Chicago, IL 60649
INVESTMENT HIGHLIGHTS
- Offering Memorandum Available Upon Request
- Desirable Unit Mix: All 2 bedroom/1 bathroom
- Opportunity for Investor to Raise Currently Below Market Rents: Significant Rental Upside
- Ownership Recently Updated Units with New Kitchens, Bathrooms, Floors, etc.
- Strong Local Demand: 100% Occupied
- Walking Distance from the Rainbow Beach & the South Shore Public Golf Course
EXECUTIVE SUMMARY
Essex Realty Group, Inc. has been exclusively engaged to market for sale 7528 S Coles, a 6 unit multifamily property in Chicago's South Shore neighborhood.
PROPERTY FACTS
| Price | £471,113 |
| Price Per Unit | £78,519 |
| Sale Type | Investment |
| Net Initial Yield | 9.20% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,375 SF |
| Number of Floors | 3 |
| Year Built | 1911 |
| Parking Ratio | 0.63/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 of 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 21-30-200-021-0000 | Improvements Assessment | £24,960 |
| Land Assessment | £3,534 | Total Assessment | £28,494 |
