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926 W 32nd Pl, Chicago, IL, 60608

926 W 32nd Pl

$1,495,000

Key Information

Cap Rate
7.31%
Proforma Cap
6.52%
$ per SF
$346
Tot. SF
4,320
Units
6
Year Built
1898 | R- 2023
Type
Apartments
Occupancy
100%
NOI
$109,274

Highlights

• Extensively Gut-Rehabbed in 2023 – Significant recent capital investment substantially modernized the property and reduced near-term deferred maintenance.
• Turnkey Apartment Offering – Renovated units and major building systems provide investors with a relatively low-maintenance acquisition.
• Updated Apartment Interiors – Units feature contemporary finishes, stainless-steel appliance packages and updated kitchens and bathrooms.
• In-Unit Laundry – Washer and dryer provided within the apartments, a highly desirable amenity for Bridgeport renters.
• Central Heating & Air Conditioning – All six units feature Individual Hot Water tanks, furnaces and air conditioning units.
• Updated Building Systems – Recent improvements include a new roof, windows, porches, furnaces, air-conditioning equipment, appliances and electrical infrastructure.
• 400-Amp Electrical Service – Upgraded electrical capacity supports the property’s modernized apartment units and systems.
• Duplex-Up Layouts – The top-floor apartments offer desirable duplex-up configurations, providing larger layouts and separation of living space.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661