Property Overview

Interra Realty has been exclusively engaged to market the Sibley Manor Apartments. located on a quiet residential block in Calumet City, South Suburbs of Chicago. The building consists of sixteen (16) units comprised of all one-bedroom apartments.

All apartments have been well maintained and improved, interior fi nishes including vinyl plank fl ooring, formica countertops, and wooden cabinetry. The building is heated by electric baseboard heat and cooled through wall sleeve a/c units. Additionally, each unit has an electric hot water tank.

Qualified investors have an opportunity to acquire a well-maintained asset with the ability to increase rents in as-is condition to achieve a 15% cash on cash return.

Highlights

  • Well-Maintained & Upgraded Interior Units
  • In-close Proximity to Interstate 80/94, off ering easy access to Chicago
  • Value add opportunity to push rents in as-is condition by 25%
  • High Level of Occupancy & Collections

Key Details

Sale Price
$875,000
Number of Units
Sixteen (16)
Submarket
Calumet City