247 Chicago Ave Immeuble residentiel 12 lots 1 360 221 € (113 352 €/Lot) Las Vegas, NV 89102

Prime Multi-Family Opportunity - 247 West Chicago represents an exceptional investment as a 12-unit garden-style apartment community (7 one-bedroom, 5 two-bedroom units) strategically positioned on a 13,939 square foot lot in the historic Naked City neighborhood, which is currently experiencing signi?cant revitalization as part of Las Vegas's urban renewal initiatives. Priced at $1,597,000 ($133,083 per unit) with a solid 6.91% cap rate on current operations, this single-story complex sits at the epicenter of an emerging redevelopment zone where developers are actively transforming the once-notorious area into a thriving residential community catering to Strip employees and young professionals. The property's location in the path of Downtown Las Vegas's expansion offers tremendous upside potential, as the neighborhood bene?ts from nearby developments including The Philly at 215 residential project, Atomic Golf, and numerous Arts District investments that are elevating property values throughout the area. With city of?cials and private developers committing substantial resources to rebranding and revitalizing Naked City, this well-maintained apartment community presents both immediate cash ?ow advantages and exceptional long-term appreciation prospects as the neighborhood continues its transformation into one of Las Vegas's next up-and-coming residential hotspots.