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7600-14 S South Shore Dr 39 Unit Apartment Building £1,862,025 (£47,744/Unit) 11.18% Net Initial Yield Chicago, IL 60649
INVESTMENT HIGHLIGHTS
- 10.57% Stabilized Cap & 15.56% Stabilized Cash-on-Cash Return.
- This courtyard building consists of: 28 One-Bedroom/One-Bath Apartments and 11 Two-Bedroom/One-Bath Apartments.
- With minor renovations, an investor can capture nearly $200,000 in additional rental income.
- Three-minute walk to Rainbow Beach, five-minute walk to Metra’s Windsor Park station, and a 11-minute drive to the University of Chicago.
PROPERTY FACTS
| Price | £1,862,025 | Apartment Style | Low-Rise |
| Price Per Unit | £47,744 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.51 ac |
| Yield | 11.18% | Property Size | 31,683 sq ft |
| No. Units | 39 | No. Floors | 3 |
| Property Type | Build-to-Rent | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Use Class | RM-5, Chicago - Residential Multi-Unit District. Medium to high-density apartment buildings are allowed. | ||
| Price | £1,862,025 |
| Price Per Unit | £47,744 |
| Sale Type | Investment |
| Yield | 11.18% |
| No. Units | 39 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.51 ac |
| Property Size | 31,683 sq ft |
| No. Floors | 3 |
| Year Built | 1925 |
| Use Class | RM-5, Chicago - Residential Multi-Unit District. Medium to high-density apartment buildings are allowed. |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 28 | - | 650 |
| 2+1 | 11 | - | 850 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £170,149 | |
| Land Assessment | £20,522 | Total Assessment | £190,671 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£20,522
Improvements Assessment
£170,149
Total Assessment
£190,671
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7600-14 S South Shore Dr
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