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2800 W Washington Blvd
Chicago, IL 60612 East Garfield Park

$1,925,000 USD

Apartments For Sale  •  9,570 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,570 SF
  • Lot Size 0.15 AC
  • Building Class B
  • Year Built 1930
  • Cap Rate 8.07 %
  • Zoning RT-4
78 Transit Score
79 Walk Score

Highlights

STRONG IN-PLACE AND POTENTIAL RETURNS: (Current / Proforma) – Cap Rate: 8.07% / 9.18%, Cash on Cash: 10.12% / 14.56%
TENANT-PAID UTILITIES: All utilities are separately metered and resident paid, further reducing landlord responsibilities.
STRONG REVENUE GROWTH POTENTIAL: Current rents are more than $25,000 below market, providing immediate upside.
LOCATION: The property is situated in a growing neighborhood with proximity to The United Center, public transit, parks, and major development project
Cap Rate: 8.07 %

Public Transportation

Commuter RailDriveWalkDistance
Kedzie Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 16 min 0.8 mi
Western Avenue Station (Md-N/Md-W/Ncs) (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 20 min 1.0 mi
Transit/SubwayDriveWalkDistance
California Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 2 min 0.1 mi
Kedzie Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 13 min 0.6 mi
Kedzie-Homan (Blue Line - Chicago Transit Authority) 3 min 18 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 15 min - 8.5 mi
Chicago O'Hare International 27 min - 16.3 mi
Kyle Stengle 312-327-5455 Marcus & Millichap
Kyle Stengle 312-327-5455 Marcus & Millichap