Unity Hall | 3140 S Indiana Ave
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Unity Hall 3140 S Indiana Ave
21 Unit Apartment Building $6,039,137 CAD ($287,578 CAD/Unit) 7.45% Cap Rate Chicago, IL 60616
INVESTMENT HIGHLIGHTS
- Historic, Landmark Designated Building
- All Newer Building Systems Within Significantly Improved, Vintage Envelope
- Fully Renovated with Modern Finishes and Individual HVAC
- Strong Location in "The Gap" Submarket of Bronzeville
EXECUTIVE SUMMARY
Interra Realty has been exclusively engaged to market 3138-40 S. Indiana Avenue, "Unity Hall", for sale. The subject investment property
is a historically significant, fully renovated multifamily asset in a strong location within the Bronzeville Neighborhood.
The property features studio, two, three and four bedroom apartments. All units have market leading modern finishes and individual
HVAC. The facade and envelope were beautifully restored and building systems were all replaced during the renovation. Common area
amenities include on-site laundry (owned/free) and a shared patio for grilling.
A qualified investor has the rare opportunity to acquire a stabilized and renovated multifamily asset in the booming Bronzeville
neighborhood.
is a historically significant, fully renovated multifamily asset in a strong location within the Bronzeville Neighborhood.
The property features studio, two, three and four bedroom apartments. All units have market leading modern finishes and individual
HVAC. The facade and envelope were beautifully restored and building systems were all replaced during the renovation. Common area
amenities include on-site laundry (owned/free) and a shared patio for grilling.
A qualified investor has the rare opportunity to acquire a stabilized and renovated multifamily asset in the booming Bronzeville
neighborhood.
PROPERTY FACTS
| Price | $6,039,137 CAD | Property Subtype | Apartment |
| Price Per Unit | $287,578 CAD | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.45% | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 8.36 | Building Size | 14,016 SF |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2015 |
| Price | $6,039,137 CAD |
| Price Per Unit | $287,578 CAD |
| Sale Type | Investment |
| Cap Rate | 7.45% |
| Gross Rent Multiplier | 8.36 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 14,016 SF |
| No. Stories | 3 |
| Year Built | 2015 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 238 - 320 |
| 2+1 | 5 | - | 425 - 585 |
| 2+2 | 1 | - | 782 |
| 3+2 | 7 | - | 800 - 882 |
| 4+2 | 2 | - | 1,531 - 1,654 |
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Walk Score®
Very Walkable (70)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 17-34-102-031-0000 | Improvements Assessment | $402,780 CAD |
| Land Assessment | $50,433 CAD | Total Assessment | $453,213 CAD |
PROPERTY TAXES
Parcel Number
17-34-102-031-0000
Land Assessment
$50,433 CAD
Improvements Assessment
$402,780 CAD
Total Assessment
$453,213 CAD
ZONING
| Zoning Code | M1 |
| M1 |
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Unity Hall | 3140 S Indiana Ave
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