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AIA /// 6 UNITS /// SOUTH CHICAGO 8103 S Luella Ave

6 Unit Apartment Building $822,624 CAD ($137,104 CAD/Unit) 10.42% Cap Rate Chicago, IL 60617

INVESTMENT HIGHLIGHTS

  • SOUTH CHICAGO NEIGHBORHOOD
  • BEDROOM CONVERSION POTENTIAL
  • 1 BLOCK TO SOUTH SHORE HOSPITAL
  • ALL LARGE 2 & 3 BEDROOM APARTMENTS
  • 4 GARAGE PARKING SPACES

EXECUTIVE SUMMARY

Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299

PROPERTY FACTS

Price $822,624 CAD
Price Per Unit $137,104 CAD
Sale Type Investment
Cap Rate 10.42%
Gross Rent Multiplier 5.64
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.14 AC
Building Size 10,000 SF
No. Stories 3
Year Built 1925
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-36-221-001-0000
Land Assessment
$6,144 CAD
Improvements Assessment
$59,239 CAD
Total Assessment
$65,383 CAD

ZONING

Zoning Code RS-3 (Residential Single Unit District)
RS-3 (Residential Single Unit District)
  • Listing ID: 31966211

  • Date on Market: 2024-05-30

  • Last Updated:

  • Address: 8103 S Luella Ave, Chicago, IL 60617

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