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3548 W 15th St
Chicago, IL 60623 Lawndale

$1,775,000 USD

Apartments For Sale • 16,000 SF

Property Details

Property Type Apartments
Total Building Size 16,000 SF
Lot Size 0.15 AC
Building Class C
Year Built 1909
Cap Rate 9.02 %
Zoning RT-4, Chicago

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                EXCEPTIONAL IN-PLACE RETURNS: 9.02% Cap 14.49% Cash-on-Cash Return
                            
                                VALUE ADD POTENTIAL: Annual gross rental income more than $60,000 below market.
                            
                                RECENT RENOVATIONS: Current ownership invested more than $300,000 into renovating units and improving mechanical systems.
                            
                                STRONG LOCATION: Situated less than five miles from Chicago’s Loop, the property offers convenient access to downtown via public transit and highways

Cap Rate:

9.02 %

Amenities

24 Hour Access
Microwave
Heating
Ceiling Fans
Tile Floors
Kitchen
Granite Countertops
Hardwood Floors
Refrigerator
Oven
Stainless Steel Appliances
Tub/Shower
Yard
Dining Room
Intercom
Porch

Public Transportation

Commuter Rail	Drive	Walk	Distance
Kedzie Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra))	5 min	-	2.4 mi
Western Avenue Station (Bnsf) (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra))	5 min	-	2.5 mi
Transit/Subway	Drive	Walk	Distance
Central Park Station (Pink Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	9 min	0.5 mi
Pulaski Station (Pink Line) (Pink Line - Chicago Transit Authority "L" Trains (The "L"))	3 min	18 min	0.9 mi
Kedzie Station (Pink Line) (Pink Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	18 min	1.0 mi
Airport	Drive	Walk	Distance
Chicago Midway International	12 min	-	6.5 mi
Chicago O'Hare International	30 min	-	17.4 mi

Kyle Stengle 312-327-5455 Marcus & Millichap

3548 W 15th St Chicago, IL 60623 Lawndale

$1,775,000 USD

Property Details

Highlights

Amenities

Public Transportation

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3548 W 15th St
Chicago, IL 60623 Lawndale