1264 S St. Louis - 6-Unit Investment Property - 2017 Rehab
1264 S Saint Louis Ave
Chicago, IL 60623
Highlights
- 2017 gut-rehab
- All 5 occupied units are CHA
- 3 3-bed / 2 2-bed units
Description
33 Realty is pleased to present for sale 1264 S. Saint Louis Avenue, a 6-unit multi-family investment property opportunity in Homan Square.
The property was extensively rehabbed in 2017 and consists of three 2-bed / 1-bath and three 3-bed / 1-bath apartments with individual gas-forced heat and hot water tanks.
The residents are responsible for individual electric and gas responsibilities. 2017 rehab included: electric upgrade to 400 amp, new masthead, plumbing, waste & supply lines, HVAC, masonry, meters, replaced joists where needed, windows, unit interiors - all per plans permits approved by city of Chicago.
There is significant opportunity for a new operator to bring rents to market to increase the in-place cap rate of 8.95% to 12.80%
6-unit multi-family investment property in Homan Square
