Homan Square 15-Unit Income Producing Apartment Building For Sale

3500 W Polk Street, Chicago, IL 60624

Homan Square 15-Unit Income Producing Apartment Building For Sale
Price:   CLOSED: Sold 9/26/2017
Listing Type:   Buyer Rep
Property Type:   Multi-Family
Cap Rate:   12%
Taxes:   $11,841.07 (2016)
PIN #(s):   16-14-408-039-0000
Size:   7,500 Sq Ft (Lot Size)
Zoning:   RT4
Alderman:   Ervin

 

Highlights:

– Corner brick 15-unit apartment building on Polk Street & St. Louis Avenue with recently updated roof

– Includes twelve 2-bedroom / 1-bathroom & three 3-bedroom / 1-bathroom units

– Operating at 12% cap rate with long-term tenants in place

– Located 0.1 miles from Homan Square Park and just 0.3 miles from I-290 (Eisenhower) Expressway

– Easily accessible to public transportation, located 0.2 miles from CTA #82 Homan bus route, 0.2 miles from #7 Harrison bus route and 0.6 miles from Divvy bike Kedzie & Roosevelt station

 

DEMOGRAPHICS

RENT ROLL & EXPENSES

OFFER MEMORANDUM

 

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