Property Overview

Interra Realty has been exclusively engaged to bring to market 2346 S Whipple St, a six (6) unit multifamily property in the Little Village neighborhood. The property is located off the corner of 24th and Whipple, and just a 10 minute walk to the Kedzie Pink Line CTA Train.

This property was recently gut renovated, having been completed in 2023. The building features six (6) gut rehabbed high-end units with concrete counter tops, new cabinetry, stainless steel appliances, in-unit laundry, dishwashers, hardwood flooring, and central heat and AC. The building includes new electric, plumbing, new flooring (refinished hardwood in units 2F and 3F), ductwork, furnaces, and AC condensers.

There is a favorable unit mix of all two-bedroom, one-bath units with rental upside for a new owner.

Highlights

  • Six (6) Units in Little Village Neighborhood
  • Gut Renovated Units with Concrete C-tops, Stainless Steel Appliances, Central HVAC and In-Unit Washer and Dryer in all Units
    New Electric, Plumbing, LVT and Hardwood Flooring (Refinished Hardwood) Flooring in Units 2F and 3F
  • 10 Minute Walk from Kedzie Pink Line CTA
  • Favorable Unit Mix of All Two Bedroom, One Bath Units
  • Immediate Rental Upside

Key Details

Sale Price
$850,000
Number of Units
Six (6)
Submarket
Little Village
Price Per Unit
$141,667
Cap Rate
8%
Proforma Cap Rate
8.6%