Kevin Hinton
This listing was posted on RealtyWW.
$1,725,000
Home For Sale In Chicago, Illinois
Price:
$1,725,000
BR/BA:
10+ BA
Location:
14 S Leavitt St, Chicago, IL
Description:
Rare opportunity to find a newer construction apartment building at this price point with upside opportunity. This impressive 7-unit property, originally built as condos in 2004, offers an attractive real estate investment in a prime location. This solid brick and block construction building features elevator service to all floors. The building consists of six spacious 2-bedroom, 2-bathroom units and 1 store front (or 7th apt) and 6 attached garage spaces. The 7th unit features a separate entrance from the sidewalk, making it ideal for a small business office space or short-term rental. Located on the Near West Side of Chicago, walking distance to the United Center Arena, Madison St bus lines, Illinois Medical District, and expressways. Tenants will love the easy commutes and convenient access to amenities, entertainment, and transportation. The property currently operates at a 5.7% CAP rate, with a strong Net Operating Income (NOI) of $97, 571. Rents are considerably below market and present the opportunity to increase cash flow and ultimately property value, with new leases. We project an NOI of $131, 120 and corresponding CAP rate of 7.6% when new rents are put in place. With its newer construction, prime location, versatile floor plans, and the potential for future rent growth and value enhancement, this 7-unit apartment building represents a solid investment choice. Call today.For more details: https://realtyww.info/homes_chicago-d523258/for-sale_i69489999
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More About this Listing: Home For Sale In Chicago, Illinois
Home For Sale In Chicago, Illinois is a 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale at 14 S Leavitt St in Chicago IL. Find other listings like Home For Sale In Chicago, Illinois and listings near 14 S Leavitt St by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale in Chicago IL.
Home For Sale In Chicago, Illinois is a 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale at 14 S Leavitt St in Chicago IL. Find other listings like Home For Sale In Chicago, Illinois and listings near 14 S Leavitt St by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale in Chicago IL.