1264 S Saint Louis Avenue Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60623
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,900 sqft
Price per Sqft $114
MLS Listing ID 12220007
Year Built 1902
Annual Tax Amount $4,271
Tax Year 2023
Lot Size 0.780 Acres
Lot Dimensions 27 X 125
Property Description
We are pleased to present for sale 1264 S. Saint Louis Avenue, a 6-unit multi-family investment property opportunity in Homan Square. The property was extensively rehabbed in 2017 and consists of three 2-bed / 1-bath and three 3-bed / 1-bath apartments with individual gas-forced heat and hot water tanks. The residents are responsible for individual electric and gas responsibilities. 2017 rehab included: electric upgrade to 400 amp, new masthead, plumbing, waste & supply lines, HVAC, masonry, meters, replaced joists where needed, windows, unit interiors - all per plans permits approved by city of Chicago. There is significant opportunity for a new operator to bring rents to market to increase the in-place cap rate of 8.95 to 12.80.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
Utilities Available Sanitary Sewer,Water-Municipal
View Y/N true
Roof Type Reflective Coating
Building
Foundation Brick/Mortar,Concrete Perimeter
Structure Type Brick,Wood Frame
Others
HOA Fee Include None