7000 S. Stewart Ave
- Diverse Unit Mix - Studios, 1's, 2's, 3's
- 11%+ in-place cap rate
- In-place rents above market
Property Description
Real Realty is pleased to present for sale the Stewart Suites located in Chicago's Englewood neighborhood. This opportunity presents an investor to acquire 18 apartments consisting of 2 studios, 7 one bed one baths, 7 two bed one baths, and 2 three bed one baths. Rental rates are currently strong in this building compared to market consisting of tenants on subsidies brought in by the owner while boasting a in-place cap rate of over 11%. Tenants pay for their own gas and electric. Landlord covers water and common area utilities. Each unit has its own gas-fired boiler for heat. This building sits right on 70th & Stewart. Minutes from the 69th/Stewart bus stop and 0.3 miles from the CTA Green Line station and a short drive to I-90/94. Just 10 miles from downtown Chicago.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,260,000 |
| No. of Units: | 18 |
| Year Built: | 1925 |
| Lot Size: | 0.15 Acres |
| Opportunity Zone: | No |
| Price per unit: | $70,000 |
| Property Website | Click Here |
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