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$1,260,000
Est. payment /mo
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12643228
Maintenance Fees $12,600
Year Built 1925
Annual Tax Amount $16,127
Tax Year 2024
Lot Size 6,534 Sqft
Lot Dimensions 122 X 45
Property Sub-Type Multi Family 5+
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.
Location
State IL
County Cook
Area Chi - Englewood
Zoning MULTI
Interior
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Alen Redzic of Real Realty Inc
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