East Garfield Park Portfolio
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East Garfield Park Portfolio 3 biens | Immeuble residentiel | À vendre | 3 197 625 € | Chicago, IL
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Assumable Debt at 4.95% Interest, Fixed Through August 2032
- Complete Gut Renovations in 2021, Featuring Consistent, High-Quality Finishes and Building Systems Across All Three Buildings
- Current / Stabilized Cash-on-Cash: 11.60% / 19.08%
- Significantly Reduced Property Taxes for Up to 30 Years Through AHSAP
- Close Proximity to The 1901 Project, the $7B+ Redevelopment of the United Center District
RÉSUMÉ ANALYTIQUE
Essex Realty Group, LLC has been exclusively engaged to market for sale a fully renovated,24-unit multifamily portfolio consisting of three properties located in Chicago’s East
Garfield Park neighborhood: 20 S. Hamlin Ave., 4114-16 W. West End Ave., and 530 N. Hamlin Ave. Each property underwent a complete and consistent gut renovation in 2021,
transforming the buildings into high-quality, low-maintenance, turn-key investment assets.
Each unit was completely updated with new electrical, plumbing, and HVAC systems. Interior finishes include GE stainless steel appliances, in-unit washer/dryers, porcelain and
luxury vinyl tile (LVT) flooring, and open, functional layouts. The portfolio offers a mix of one, two, and three-bedroom units, with 4114-16 W. West End Ave. and 20 S. Hamlin Ave.
also featuring onsite parking.
An investor has the opportunity to assume the existing financing, which consists of a fixed-rate loan at 4.95% with a maturity date of August 2032. This below-market interest rate offers a new owner the opportunity to secure long-term fixed debt, resulting in significantly above-market cash flows and overall investment returns.
This offering presents investors with a rare opportunity to acquire three fully renovated, stabilized multifamily assets with immediate in-place cash flow and minimal future capital requirements. Ideally located just four miles west of downtown Chicago, East Garfield Park offers excellent connectivity via the CTA Green and Blue Lines, multiple bus routes, and I-290. The properties are positioned near the Illinois Medical District and the rapidly growing West Loop and Fulton Market neighborhoods, making this an exceptional opportunity to invest in one of Chicago’s most dynamic and evolving submarkets.
Garfield Park neighborhood: 20 S. Hamlin Ave., 4114-16 W. West End Ave., and 530 N. Hamlin Ave. Each property underwent a complete and consistent gut renovation in 2021,
transforming the buildings into high-quality, low-maintenance, turn-key investment assets.
Each unit was completely updated with new electrical, plumbing, and HVAC systems. Interior finishes include GE stainless steel appliances, in-unit washer/dryers, porcelain and
luxury vinyl tile (LVT) flooring, and open, functional layouts. The portfolio offers a mix of one, two, and three-bedroom units, with 4114-16 W. West End Ave. and 20 S. Hamlin Ave.
also featuring onsite parking.
An investor has the opportunity to assume the existing financing, which consists of a fixed-rate loan at 4.95% with a maturity date of August 2032. This below-market interest rate offers a new owner the opportunity to secure long-term fixed debt, resulting in significantly above-market cash flows and overall investment returns.
This offering presents investors with a rare opportunity to acquire three fully renovated, stabilized multifamily assets with immediate in-place cash flow and minimal future capital requirements. Ideally located just four miles west of downtown Chicago, East Garfield Park offers excellent connectivity via the CTA Green and Blue Lines, multiple bus routes, and I-290. The properties are positioned near the Illinois Medical District and the rapidly growing West Loop and Fulton Market neighborhoods, making this an exceptional opportunity to invest in one of Chicago’s most dynamic and evolving submarkets.
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INFORMATIONS SUR L’IMMEUBLE
| Prix | 3 197 625 € | Nb de biens | 3 |
| Prix/m² | 1 191 € / m² | Individuellement en vente | 0 |
| Taux de capitalisation | 7,61 % | Surface totale de l’immeuble | 2 685 m² |
| Type de vente | Investissement | Surface totale du terrain | 0,21 ha |
| Statut | Actif |
| Prix | 3 197 625 € |
| Prix/m² | 1 191 € / m² |
| Taux de capitalisation | 7,61 % |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 3 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 2 685 m² |
| Surface totale du terrain | 0,21 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 20 S Hamlin Blvd, Chicago, IL 60624 | Immeuble residentiel | 1 236 m² | 1980 | - |
| 4116 W West End Ave, Chicago, IL 60624 | Immeuble residentiel | 872 m² | 1905 | - |
| 3803-3809 W Ohio St, Chicago, IL 60624 | Immeuble residentiel | 576 m² | 1909 | - |
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