McGill Terrace Apartments | 821 E 49th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
McGill Terrace Apartments 821 E 49th St
48 Unit Block of Flats £4,851,190 (£101,066/Unit) 7.12% Net Initial Yield Chicago, IL 60615
Investment Highlights
- UNIT MIX: 12 Studio, 24 One-Bedroom/One-Bath, Six Two-Bedroom/One-Bath, Six Three-Bedroom/Two-Bath
- HAP CONTRACT: Rental income is very consistent and roughly 80% subsidized by HUD’s section 8 rental assistance program
- BUILDING FEATURES: On-Site Laundry, Individually Metered Utilities
- include a new roof, updated mechanical systems, and an array of interior cosmetic improvements.
Property Facts
| Price | £4,851,190 | Property Subtype | Apartment |
| Price Per Unit | £101,066 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 7.12% | Lot Size | 0.49 AC |
| Gross Rent Multiplier | 7.52 | Building Size | 40,006 SF |
| No. Units | 48 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 1916/2023 |
| Price | £4,851,190 |
| Price Per Unit | £101,066 |
| Sale Type | Investment |
| Net Initial Yield | 7.12% |
| Gross Rent Multiplier | 7.52 |
| No. Units | 48 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 40,006 SF |
| Number of Floors | 3 |
| Year Built/Renovated | 1916/2023 |
Unit Amenities
- Tile Floors
- Refrigerator
- Carpet
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
| 1+1 | 24 | - | - |
| 2+1 | 6 | - | - |
| 3+2 | 6 | - | - |
1 of 1
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 20-11-109-009-0000 | Improvements Assessment | £260,071 |
| Land Assessment | £58,934 | Total Assessment | £319,005 |
PROPERTY TAXES
Parcel Number
20-11-109-009-0000
Land Assessment
£58,934
Improvements Assessment
£260,071
Total Assessment
£319,005
zoning
| Zoning Code | RM-5 |
| RM-5 |
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
McGill Terrace Apartments | 821 E 49th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.