3533 Grenshaw StChicago, IL 60624
- Apartment buildings
Property Details for 3533 Grenshaw St
- Property type
- Apartment buildings
Description
This four-story, six-unit apartment building at 3533 W Grenshaw St, Chicago, IL 60624, presents a compelling investment opportunity. Boasting a substantial 10% capitalization rate, this property offers a strong return on investment. The building underwent a complete renovation in 2021, ensuring modern amenities and reduced maintenance needs. Each of the six units commands a price of $150,000, contributing to the attractive overall asking price of $900,000. Located in the rapidly developing Homan Square neighborhood, the property benefits from significant recent public and private investment exceeding $220 million in community centers, housing, and other improvements. The area is served by excellent public transportation, including the Kedzie-Homan Blue Line station and multiple bus routes. Its strategic location, bordered by I-290, Roosevelt Road, and Homan Avenue, provides easy access to downtown Chicago, the western suburbs, and other city neighborhoods. This property represents a rare chance to acquire a high-yield, well-maintained multifamily building in a revitalizing Chicago neighborhood.
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.8673
- Longitude
- -87.7143
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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