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70-74 E 138th St
Riverdale, IL 60827

$930,000 USD

Apartments For Sale  •  17,178 SF

Property Details

  • Property Type Apartments
  • Total Building Size 17,178 SF
  • Lot Size 0.28 AC
  • Building Class C
  • Year Built 1960
  • Zoning R-3, Riverdale
0 Transit Score
44 Walk Score

Highlights

All 2-Bedroom | 1-Bathroom units
Currently operating at a 11.5% cap rate and is projected to generate a 16.2% cap rate
$55.5K Per Unit
Tenants pay heat at this building
Property is approved for the ASHAP program, reducing real estate taxes by 30% yearly
Opportunity to increase 2-bedroom rents from their average of $994 to the market rent of $1,200

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Heating
  • Recycling
  • Kitchen
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Riverdale Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 8 min 0.4 mi
Ivanhoe Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.6 mi
Transit/SubwayDriveWalkDistance
Riverdale Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 8 min 0.4 mi
AirportDriveWalkDistance
Chicago Midway International 30 min - 16.4 mi
Chicago O'Hare International 74 min - 39.9 mi
Daniel Shabsin 312-970-9870 Nara Realty Advisors
Daniel Shabsin 312-970-9870 Nara Realty Advisors