8624 S Houston Ave
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8624 S Houston Ave
6 Unit Block of Flats £430,641 (£71,774/Unit) 9% Net Initial Yield Chicago, IL 60617
Executive Summary
Unique opportunity to acquire a cash-flowing asset that realizes a 9% cap rate. Managing company Taty Management LLC. Full occupancy! Long-term tenants. Low rents with room to increase. It's a must-see! Brick 6 units building with six 2b/1ba apartments with a large eat-in kitchens! All units are equipped with updated kitchens and bathrooms featuring modern appliances, and granite countertops. Separate heat and water tanks for every unit. Updated electric, and copper plumbing. Everything is up to the new code. Parking is plenty on the street and a two cars brick garage in the rear. Great location close to transportation on a quiet block.
Property Facts
| Price | £430,641 | Building Class | C |
| Price Per Unit | £71,774 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 4,266 SF |
| Net Initial Yield | 9% | Average Occupancy | 0% |
| No. Units | 6 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1903 |
| Property Subtype | Apartment | Parking Ratio | 0.47/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | £430,641 |
| Price Per Unit | £71,774 |
| Sale Type | Investment |
| Net Initial Yield | 9% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,266 SF |
| Average Occupancy | 0% |
| Number of Floors | 3 |
| Year Built | 1903 |
| Parking Ratio | 0.47/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 900 |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 21-31-426-025-0000 | Improvements Assessment | £29,067 |
| Land Assessment | £1,839 | Total Assessment | £30,906 |
PROPERTY TAXES
Parcel Number
21-31-426-025-0000
Land Assessment
£1,839
Improvements Assessment
£29,067
Total Assessment
£30,906
zoning
| Zoning Code | R-3 |
| R-3 |
-
Calin Paunescu -
Taty Management LLC
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8624 S Houston Ave
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