For Sale
$1,650,000

709 Roscoe St Chicago, IL 60657

Chicago Lakeview gem: high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 4-unit apartment building in Chicago's desirable Lakeview neighborhood presents a compelling investment opportunity. The property boasts 3,972 square feet of living space on a generous 4,389 square foot lot (33 x 133), zoned RM-4.5, offering potential for expansion. Currently operating at 100% occupancy with a Net Operating Income (NOI) of $82,962, and a pro-forma NOI of $96,489, this stabilized investment features a 5.03% cap rate and a pro-forma cap rate of 5.85%. The building comprises one two-story structure, built in 1906, and includes four units: one 3-bedroom, 2-bathroom duplex down ($4,590/month rent)

Highlights

  • Prime Lakeview location.
  • Four-unit apartment building, 3,972 sq ft on a 4,389 sq ft lot (33 x 133), RM-4.5 zoning.
  • 100% occupancy, $82,962 NOI, $96,489 pro-forma NOI.
  • 5.03% cap rate, 5.85% pro-forma cap rate.
  • Two renovated units, two value-add units.

Property Details for 709 Roscoe St

Property type
Apartment buildings
Square Feet
3,972 SF
Class
A
Year Built
1906
Buildings
1
Stories
2
Units
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9433845
Longitude
-87.6478433

FAQs

What type of property is this?
Apartment building - Chicago Lakeview gem: high ROI potential.
Where is the apartment building located?
The property is located at 709 Roscoe St Chicago, IL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime Lakeview location.; Four-unit apartment building, 3,972 sq ft on a 4,389 sq ft lot (33 x 133), RM-4.5 zoning.; 100% occupancy, $82,962 NOI, $96,489 pro-forma NOI.
How can I contact the broker?
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709 Roscoe St
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