Property Overview

Interra Realty is pleased to market for sale the property at 8375 S Beverly Ave in Chicago's Brainerd neighborhood. The subject property is comprised of 12 apartments with a unit mix of three (3) studios, four (4) one-bedroom, and five (5) twobedroom units.

The property is currently vacant and presents potential investors with the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. The property is completely gutted and requires a full rehab. Through completing the rehab and building a new rent roll future owners will be positioned to achieve an 11% cap rate.

Highlights

  • Low entry price point
  • Full rehab, heavy value add opportunity
  • Desirable mix of studio, one, and two-bedroom
    layouts

Key Details

Sale Price
$375,000
Number of Units
Twelve (12)
Submarket
Brainerd