Property Overview

Interra Realty has been exclusively engaged to market for sale 7910 S. Wood St. The subject property is a 26 unit courtyard building located in Chicago’s Auburn Gresham neighborhood. The building contains a combination of spacious studio and one bedroom apartments with strong in-place occupancy.

The subject property has gone through upgrades to almost all units in addition to receiving a newer boiler, newer roof and common area improvements. This property allows a qualified investor to acquire a stabilized, cash flowing asset with an opportunity to continue adding value via upgrading the remaining few units and increasing rent to a market level.

Highlights

  • Newer Roof Layer & Newer Boiler Installed in 2018
  • Many Units Have Living Room and Dining Room
  • Modern Finishes Throughout Including Newer Kitchens and Baths
  • Lintel & Tuckpointing Work
  • Newer Windows (2019) on Garden Level
  • New Commercial Entry Doors, Updated Common Area, Building System and In-Unit Energy Efficiency Improvements

Key Details

Asking Price
$1,525,000
Number of Units
26
Lot Size
11,326 SF
Year Built
1929
Cap Rate
8.06%