Van Buren Flats | 2824 W Van Buren St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Van Buren Flats 2824 W Van Buren St
10 Unit Apartment Building $2,809,360 CAD ($280,936 CAD/Unit) Chicago, IL 60612
Investment Highlights
- Condo Quality Units with Imported Finishes
- New Individual Furnaces & Water Heaters
- Close Proximity to Chicago's "EL" Train Station & I-290 Expressway
- Ten (10) 3BD/2BA Units
- In-Unit Laundry
- Rear Parking Lot w/ ten (10) spots
Executive Summary
Kiser Group is pleased to exclusively present for purchase The Van Buren Flats, a newly constructed ten (10) unit building at 2824 W. Van Buren St in Chicago's East Garfield Park neighborhood. The property is conveniently situated near I-290 and the California CTA Blue Line Station, providing immediate access to the United Center, Illinois Medical District, and downtown Chicago.
The Van Buren Flats are solely comprised of ten (10) 3BD/2BA luxury apartments. All of which feature spacious, open-concept floorplans with modern, top-of-line finishes imported from Europe. Kitchens and baths are equipped with modern cabinetry, stainless steel appliances, and stone countertops imported from Italy. Spacious bedrooms are fitted with walk-in closets, twin-tilt European windows, and new carpet. Each unit contains individual HVAC and hot water tanks, in-unit laundry, and in-unit circuit breakers. The building is accompanied with a 10-spot parking lot in the rear that generates additional monthly income.
The Van Buren Flats presents investors with the rare opportunity to acquire a cash flowing, new construction building in the heart of the city. From day one, Van Buren's next owner will realize a cap rate exceeding 6%, and the ability to further increase cash returns by leasing the rest of the units.
The Van Buren Flats are solely comprised of ten (10) 3BD/2BA luxury apartments. All of which feature spacious, open-concept floorplans with modern, top-of-line finishes imported from Europe. Kitchens and baths are equipped with modern cabinetry, stainless steel appliances, and stone countertops imported from Italy. Spacious bedrooms are fitted with walk-in closets, twin-tilt European windows, and new carpet. Each unit contains individual HVAC and hot water tanks, in-unit laundry, and in-unit circuit breakers. The building is accompanied with a 10-spot parking lot in the rear that generates additional monthly income.
The Van Buren Flats presents investors with the rare opportunity to acquire a cash flowing, new construction building in the heart of the city. From day one, Van Buren's next owner will realize a cap rate exceeding 6%, and the ability to further increase cash returns by leasing the rest of the units.
Property Facts
| Price | $2,809,360 CAD | Building Class | B |
| Price Per Unit | $280,936 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 13,500 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $2,809,360 CAD |
| Price Per Unit | $280,936 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 13,500 SF |
| No. Stories | 3 |
| Year Built | 2021 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
1 of 1
Transit Score ®
Excellent Transit (77)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 16-13-124-025-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $27,239 CAD | Total Assessment | $27,239 CAD |
PROPERTY TAXES
Parcel Number
16-13-124-025-0000
Land Assessment
$27,239 CAD
Improvements Assessment
$0 CAD
Total Assessment
$27,239 CAD
zoning
| Zoning Code | B2-3 (Retail storefronts, apartments allowed on the ground floor.) |
| B2-3 (Retail storefronts, apartments allowed on the ground floor.) |
-
Jack Petrando -
Noah Clark -
Kiser Group
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Van Buren Flats | 2824 W Van Buren St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.