$6,300,000
$6,799,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/30/2025
Key Details
Sold Price $6,300,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12026011
Sold Date 04/30/25
Year Built 2019
Annual Tax Amount $133,725
Tax Year 2021
Lot Dimensions 79X150
Property Sub-Type Multi Family 5+
Property Description
Impeccable all brick, 2019 build, 12 unit apartment building in Lincoln Park. Built by an experienced builder with over 30 years experience building in the Chicagoland area. Built as a condo building, this property was finished to the highest quality, including quartz counters, stainless appliances, fire places, in-unit washer/dryer, garage parking and rooftop decks. Fantastic rental units, never vacant. Turn key property. The seller has never allowed pets, so the units have stayed in fantastic condition. // $586,500 Gross Yearly Rental Income // 5.63% CAP Rate // Upside Potential Bringing Rents to Market Rates (Number of long term tenants)
Location
State IL
County Cook
Area Chi - Lincoln Park
Interior
Cooling Central Air
Fireplaces Number 12
Fireplace Y
Building
Level or Stories 4
Structure Type Brick
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Bought with Timothy Sheahan • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "