$475,000
439 E 111th Place Chicago, IL 60628
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$475,000
Est. payment /mo
UPDATED:
09/12/2024 08:32 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12130262
Year Built 1916
Annual Tax Amount $2,749
Tax Year 2023
Lot Dimensions 69' X 55'
Property Description
439 E. 111th Pl is a six (6) unit walk-up located in Chicago's historic Roseland neighborhood. The building sits on the corner of a quiet, tree-lined street one (1) block away from the premier Gwendolyn Brooks College Preparatory campus and one (1) block east of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 439 E 111th Pl is solely comprised of six (6) spacious 2bd/1ba units. Each apartment features renovated kitchens & baths and separate living & dining rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to, individual furnaces, newer kitchens & baths, refinished hardwood floors, and an abundance of masonry and tuckpointing work. 439 E. 111th Pl presents an investor with the opportunity to acquire a stable, fully occupied asset with an in-place cap rate of 10.4%. Solely through bringing all units up to market rate levels, a new owner could achieve a cap rate of over 13.1% and a cash return of 29.69%
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Aaron Sklar • Kiser Group Realty Inc
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Rich Ayers
Team Lead | Realtor | License ID: 470112432
Team Lead | Realtor License ID: 470112432