Interra Realty has been exclusively engaged to market for sale 7952 S. Dobson, a seven (7) unit, condo quality apartment building in Chicago's Chatham / Avalon Park neighborhood. The building provides an investor to acquire a stabilized, cash flowing property at 10% Cap Rate or above, with an attractive Cash on Cash return at 17% or higher.
All units were originally rehabbed as Condos, and are 1BR/1BA layouts. The current rents range from $575 to $850 per unit. A new owner has the opportunity to dramatically increase revenue by leveling off rents to a market level.
- Seven large 1BR/1BA Units Originally Rehabbed as Condos
- All Units Include Individual HVAC (Tenant Paid Heat)
- 7 Rear Parking Spaces
- Average Rent Below Market at $725/mo
- Near 10% Cap Rate and 17%+ Cash on Cash Return
- Zero Deferred Maintenance