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