701 S 5th Ave
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701 S 5th Ave
26 Unit Apartment Building $3,047,560 CAD ($117,214 CAD/Unit) 10.73% Cap Rate Maywood, IL 60153
Executive Summary
CRER is pleased to present a 26-unit mixed use building in Maywood, IL. The unit mix includes (2) 2 bedroom, 2 bath, (4) 1 bedroom, 1 bath, (14) studio, and (6) commercial units. Recent upgrades to the building include newer windows, hot water tanks, updated electric/plumbing, and individual furnaces. There is a laundry room in the building with two washers and two dryers as well as on-site parking. The property is zoned C-2 and is situated on a 41,250 Sq. Ft. parcel of land.
There is an opportunity to assume the existing loan with a fixed interest rate of 4.10% and LTV of 77%.
https://www.crer.com/properties/701-s-5th-ave-maywood-il-60153/
There is an opportunity to assume the existing loan with a fixed interest rate of 4.10% and LTV of 77%.
https://www.crer.com/properties/701-s-5th-ave-maywood-il-60153/
Property Facts
| Price | $3,047,560 CAD | Building Class | C |
| Price Per Unit | $117,214 CAD | Lot Size | 0.95 AC |
| Sale Type | Investment | Building Size | 90,750 SF |
| Cap Rate | 10.73% | Average Occupancy | 96% |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 0.21/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $3,047,560 CAD |
| Price Per Unit | $117,214 CAD |
| Sale Type | Investment |
| Cap Rate | 10.73% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 90,750 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1929 |
| Parking Ratio | 0.21/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 15-11-344-001-0000 | Improvements Assessment | $302,128 CAD |
| Land Assessment | $97,705 CAD | Total Assessment | $399,833 CAD |
PROPERTY TAXES
Parcel Number
15-11-344-001-0000
Land Assessment
$97,705 CAD
Improvements Assessment
$302,128 CAD
Total Assessment
$399,833 CAD
zoning
| Zoning Code | C-2 |
| C-2 |
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701 S 5th Ave
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