Property Overview

Interra Realty has been exclusively hired to bring to market 900 S. Western Avenue, a condo-quality ten (10) unit mixed use property in Chicago's Tri-Taylor Neighborhood. The property is in an ideal location just an 8 minute walk from the Western Blue Line CTA and just west of UIC and the Illinois Medical District.

This beautifully constructed property was built in 2008 and features eight (8) two bedroom, two bath residential units and two street front retail spaces. Each large condo-quality residential unit features hardwood flooring, stainless steel appliances, granite countertops, in-unit laundry, individual HVAC, and rear balconies.

Investors have the opportunity of modernizing the kitchens and bathrooms and renting at market rate for large upside in overall rental income and value.

Highlights

  • Ten (10) Unit Mixed-Use Property in Tri-Taylor Neighborhood
  • Value-Add Upside in Modernizing and Renting at Market Rate
  • Condo-Quality Units with Granite Countertops and Stainless Steel Appliances
  • Fully Equipped Key Fob System, Security System, and 9 Parking Spaces

Key Details

Asking Price
$2,345,000
Number of Units
10
Lot Size
4,607 SF
Building Size
10,420 SF
Year Built
2008
Cap Rate
6.43%
Proforma Cap Rate
7.32%