6915 S. Peoria is a 5-unit apartment building located in Chicago's up & coming Englewood neighborhood. Presently, this asset is grossly under-leased with 3 MTM tenancies, but has tremendous upside potential. The stabilized pro-forma cap rate (with CHAC tenants) is 30; 20 with market rate tenants and its composed of 5 HUGE apartments (2 x 3/2s, 2 x 4/2s & 1 x 5/2). Light tune-up is required in 2 units. Hungry? Sustenance at Aldi & Whole Foods are just 3 & 4 minutes away respectively. Need to get back to the office? The CTA's Halsted Green Line stop is 2 minutes from your front door. Need to get out of Dodge? The Dan Ryan Expressway is a 4-minute drive due East. 16th Ward Alderman Stephanie Coleman runs the show. Information deemed reliable, but not guaranteed. Use diligence. Please note: Interior photos are from units 3F (move-in ready) and 2F (needs 50 per cent cosmetic completion) Units 2/3R Duplex, 1F Duplex and 1R Duplex need overall cosmetic upgrades throughout.
MLS# | 12262080 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1920 |
Days On Site | 38 |
Listing Provided By | Chicago Real Estate Authority | Scott Siegel |
Story(s) | 3 |
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Units | 5 |
Zoning | MULTI |
State | IL |
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County | Cook |
City | Chicago |
Zip Code | 60621 |
Area | CHI Englewood |
Listing VS Median (in 60621) | |
Price: $305,000 low | high Med: $80,000 On Site: 38 low | high Med: 142 |