Value Add 4 Flat with Spacious Units For Sale
No Longer Available
3444 W. Grenshaw St.
Chicago, IL 60624
5,034 SF
Multi-Family
The Details
- 5,034 SF multi-family building
- Three 3 bedroom units
- One 2 bedroom unit
- Units feature hardwood floors, lots of natural light, original details
- Spacious apartments with separate living and dining rooms
- Value-add opportunity
- Individually metered heat & utilities
- Pro Forma NOI: $33,084
- Pro Forma Cap Rate: 10.5%
- Detached 2 car garage
- Land Area: 3,250 SF
- Zoning: RT-4
Located in an Opportunity Zone
This four flat apartment building with potential to add value is available for sale. Each unit boasts high ceilings, lots of natural light, and hardwood floors plus original details. There are three 3 bedroom apartments and one 2 bedroom unit. All units are very spacious, including both a living room and dining room, and are individually metered for heat and utilities. This building has strong in-place income with great potential for an investor looking to add value.
Located on the west side of Chicago, this property is close to public transportation, as well as the shopping and dining along Ogden and Cermak.