Large renovated Ten unit property

1048 N Spaulding Ave North Spaulding Avenue Chicago, IL 60651

Chicago
FOR SALE Off Market Listing
Property Type:
MultiFamily Apartments
Amount:
$2,400,000
Cap Rate:
5.25%
Last Verified:
Oct 23, 2023

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10 Large 2 bedroom Apts.

Map of 1048 N Spaulding Ave North Spaulding Avenue , Chicago, IL, 60651

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.