Property Overview
Interra Realty is pleased to market for sale the property at 7830 S Yates Blvd in Chicago's South Shore neighborhood. The subject property is comprised of 10 one-bedroom apartments. Located in a rapidly appreciating market area with proximity to Rainbow Beach Park and the Metra Electric commuter line.
The subject property has undergone improvements including new luxury vinyl plank flooring and updated kitchens including new cabinets and stainless steel appliances. Bathrooms have been outfitted with modern finishes. The property presents potential investors with the opportunity to acquire a cash flowing asset with the opportunity to improve performance. Through capturing market rents, a future owner has the opportunity to achieve an 11%+ cap rate in a rapidly appreciating south side neighborhood.
Highlights
- Cash flowing property with attractive entry price point
- Opportunity to reach 11%+ cap rate
- Desirable location in appreciating South Shore Market