67th And Halsted Chicago IlChicago, IL 60621

This fully renovated 13-unit apartment building, located at the corner of 67th and Halsted in Chicago, IL (zip code 60621), presents a compelling investment opportunity. The property, built in 1928 and extensively renovated in 2024, boasts 13,290 square feet across three stories. Each of the thirteen units is a two-bedroom, one-bathroom apartment with a unique layout. The building features a ground-floor mixed-use space suitable for office or storage. Recent renovations include a new roof, water heaters, air conditioning units, and furnaces. All units are individually metered for efficient utility management. Currently vacant, this property offers the potential for immediate lease-up at market rates. The asking price is $1,325,000, representing a price per unit of $95,000. The property's current NOI is $125,000, yielding a 9.5% cap rate. Pro forma NOI is projected at $145,000, resulting in a 10.9% pro forma cap rate. This fee-simple ownership opportunity provides a strong cash-on-cash return estimated at 12-13%, making it an attractive investment in a desirable Chicago neighborhood. The property is offered in a vacant condition, allowing for immediate value-add potential through strategic leasing.