439 E 111th Place, Chicago, IL 60628

  • $475,000
  • $475,000
439 E 111th Place, Chicago, IL 60628
  • Commercial Sale
  • Property Type
  • 1916
  • Year Built
For Sale
439 E 111th Place, Chicago, IL 60628
  • $475,000
  • $475,000

Overview

Property ID: 24569496
  • Commercial Sale
  • Property Type
  • 1916
  • Year Built

Description

439 E. 111th Pl is a six (6) unit walk-up located in Chicago’s historic Roseland neighborhood. The building sits on the corner of a quiet, tree-lined street one (1) block away from the premier Gwendolyn Brooks College Preparatory campus and one (1) block east of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 439 E 111th Pl is solely comprised of six (6) spacious 2bd/1ba units. Each apartment features renovated kitchens & baths and separate living & dining rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to, individual furnaces, newer kitchens & baths, refinished hardwood floors, and an abundance of masonry and tuckpointing work. 439 E. 111th Pl presents an investor with the opportunity to acquire a stable, fully occupied asset with an in-place cap rate of 10.4%. Solely through bringing all units up to market rate levels, a new owner could achieve a cap rate of over 13.1% and a cash return of 29.69%

  • Address 439 E 111th Place
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60628
  • Country United States

Details

Updated on August 23, 2024 at 5:51 am
  • Property ID: 24569496
  • Price: $475,000
  • Year Built: 1916
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12130262
  • Office Name: KISER GROUP REALTY INC
  • Agent Name: Aaron Sklar
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD15708
  • List Agent MLSID: MRD876058
  • List Date: 2024-08-05T20:15:04.000Z
  • Tax Annual: 2749
  • Tax Year: 2023
  • County: Cook

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