For Sale
$1,997,500
4433 Racine Ave Chicago, IL 60640
8-Unit Building, High ROI Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- $1,997,500 asking price for this 8-unit apartment building in Chicago, IL.
- 6,098 square feet building on a 0.14-acre lot, with 8,490 square feet of net rentable space.
- Class B multifamily property built in 1903, renovated in 2022, featuring 3 stories and 1 building.
- Currently 100% occupied, generating a $119,699 NOI and a 5.99% cap rate. Pro-forma NOI is $186,875, resulting in a 9.36% pro-forma cap rate.
- Located at 4433 N Racine Ave, Chicago, IL 60640, zoned RT-4.
- $249,687.50 price per unit, and $327.57 price per square foot.
Property Details for 4433 Racine Ave
- Property type
- Apartment buildings
- Square Feet
- 6,098 SF
- Class
- B
- Year Built/Renovated
- 1903/2022
- Buildings
- 1
- Stories
- 3
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 8
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.9627433
- Longitude
- -87.6593061
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 8-Unit Building, High ROI Potential
- Where is the apartment building located?
- The property is located at 4433 Racine Ave Chicago, IL.
- What is the asking price?
- The asking price for this property is $1,997,500.
- What are key features of this property?
- This property features: $1,997,500 asking price for this 8-unit apartment building in Chicago, IL.; 6,098 square feet building on a 0.14-acre lot, with 8,490 square feet of net rentable space.; Class B multifamily property built in 1903, renovated in 2022, featuring 3 stories and 1 building.
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