For Sale
$1,000,000

3522 Grenshaw St Chicago, IL 60624

9-Unit Apartment Building, 8.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This fully stabilized, cash-flowing 9-unit apartment building in Chicago's Cook County (zip code 60624) presents a compelling investment opportunity. Priced at $1,000,000, this property boasts an attractive 8.75% capitalization rate and a price per unit of $111,111.11. The unit mix is highly desirable, featuring six 2-bedroom/1-bathroom units, one 3-bedroom/1-bathroom unit, and two 4-bedroom/1-bathroom units. The property benefits from a strong, measurable rental upside potential on units that haven't seen turnover recently. Operating expenses are minimized as tenants are responsible for gas and electric utilities

Highlights

  • Fully stabilized, cash-flowing investment property.
  • Excellent unit mix: six 2-bedroom/1-bathroom, one 3-bedroom/1-bathroom, and two 4-bedroom/1-bathroom units.
  • Significant rental upside potential.
  • Water and trash included; tenants pay all other utilities.

Property Details for 3522 Grenshaw St

Property type
Apartment buildings
Units
9

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.867267742884
Longitude
-87.714076020937

FAQs

What type of property is this?
Apartment building - 9-Unit Apartment Building, 8.75% Cap Rate
Where is the apartment building located?
The property is located at 3522 Grenshaw St Chicago, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fully stabilized, cash-flowing investment property.; Excellent unit mix: six 2-bedroom/1-bathroom, one 3-bedroom/1-bathroom, and two 4-bedroom/1-bathroom units.; Significant rental upside potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3522 Grenshaw St
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