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7255-7257 S Princeton Ave
Chicago, IL 60621 Englewood

$900,000 USD

Apartments For Sale  •  13,869 SF

Property Details

  • Property Type Apartments
  • Total Building Size 13,869 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1913
  • Zoning RT-4
71 Transit Score
69 Walk Score

Highlights

This asset is currently generating a 7.5% cap rate and is poised to return a 13.1% cap rate through the strategic lease up of vacant units
Located blocks from I-94, allowing easy access to downtown Chicago
With below-market rents, there is a clear opportunity for immediate rent increases and property improvements, offering strong value-add
Located in a rapidly developing area, the property bene{ts from proximity to transit, retail, and employment centers

Public Transportation

Commuter RailDriveWalkDistance
Gresham Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 2.4 mi
6 min - 2.5 mi
Transit/SubwayDriveWalkDistance
69th Street Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 14 min 0.7 mi
AirportDriveWalkDistance
Chicago Midway International 17 min - 8.6 mi
Chicago O'Hare International 41 min - 26.6 mi
Robert Berman 312-610-1706 Nara Realty Advisors
Robert Berman 312-610-1706 Nara Realty Advisors