8956 S. ESCANABA AVE
- 1 and 2 bedrooms
- 10%+ in-place cap rate
- Rental ready units
Property Description
Real Realty is pleased to present to you the Escanaba apartments for sale located in Chicago's South Chicago neighborhood. This opportunity presents an investor to acquire 11 apartments consisting of 5 one bed one baths and 6 two bed one baths that are recently renovated and in good condition recieving comparable rents to market an in-place cap rate of over 10%. Tenants pay for their own electric while while landlord covers the gas, water, and common area utilities. The property offers convenient access to public transit, with a short walk to the 91st Street/South Chicago bus stop and a quick drive to I-90 (Chicago Skyway Toll Road). It’s only about a 10-minute drive to the 95th/Dan Ryan Red Line CTA station and roughly 30 minutes from Downtown Chicago.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $770,000 |
| No. of Units: | 11 |
| Year Built: | 1964 |
| Lot Size: | 0.18 Acres |
| Opportunity Zone: | No |
| Price per unit: | $70,000 |
| Property Website | Click Here |
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