For Sale
$549,000
8624 Houston Ave Chicago, IL 60617
Cash-flowing multifamily investment. Excellent ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- $549,000 asking price for this six-unit apartment building.
- Net lease investment opportunity with an 8.26% cap rate and $45,374 annual net operating income (NOI).
- 100% occupancy with long-term tenants in this Class A, 4,266 square foot building.
- Six two-bedroom, one-bathroom units, each with updated kitchens and bathrooms, priced at $91,500 per unit.
- Located in Chicago, IL (60617) at 8624 S Houston Ave, on a 3,125 sq ft lot, with permitted R-3 zoning.
- Built in 1903, this three-story building features updated electric and copper plumbing, and separate heat and water tanks for each unit.
Property Details for 8624 Houston Ave
- Property type
- Apartment buildings
- Square Feet
- 4,266 SF
- Class
- A
- Year Built
- 1903
- Stories
- 3
- Units
- 6
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.7384717
- Longitude
- -87.5505105
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Cash-flowing multifamily investment. Excellent ROI.
- Where is the apartment building located?
- The property is located at 8624 Houston Ave Chicago, IL.
- What is the asking price?
- The asking price for this property is $549,000.
- What are key features of this property?
- This property features: $549,000 asking price for this six-unit apartment building.; Net lease investment opportunity with an 8.26% cap rate and $45,374 annual net operating income (NOI).; 100% occupancy with long-term tenants in this Class A, 4,266 square foot building.
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