POA
Description

66 Unit Mixed Use Apartment Building For Sale

House -

66 Unit Mixed Use Apartment Building For Sale

PROPERTY OVERVIEW:

MoHall Commercial & Urban Development presents this Value Add 66 Mixed-Use building for sale. Located in an Opportunity Zone, this building consist of 49 Apartments, 10 Offices, and 7 Retail stores. Tenants pay electric, cooking and heating gas. This building operates at a 10.16% Cap Rate and is 95% occupied. There is room for improvements that will increase monthly cash flow. This property is centered along the Chicago Transit Authority expansion plan, which would include 4 new train stations and also close proximity to the new Amazon Distribution Center.

HIGHLIGHTS

  • Proximity to Public Transportation
  • Property is zoned B1-3
  • Located near the newly constructed Roseland Medical Center Value Add Opportunity
  • Close proximity to the new Amazon Distribution Center

KEY DETAILS

Asking Price
$1,850,000
Property Type
Multi Family
Number of Units
66
Building Size
18,400 SF
Lot Size
17,866
Cap Rate
10.16%
Zoning
B1-3

BROKERS

MOHALL COMMERCIAL AND URBAN DEVELOPMENT

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Property Features
  • House