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7415-7423 S Kimbark Ave
Chicago, IL 60619 Grand Crossing

$2,325,000 USD

Apartments For Sale  •  22,466 SF

Property Details

• Property Type Apartments
• Total Building Size 22,466 SF
• Lot Size 0.29 AC
• Building Class C
• Year Built 1927
• Cap Rate 10.77 %
• Zoning RS-3, Chicago

63 Transit Score

77 Walk Score

Highlights

The property underwent a full renovation in 2009 including HVAC, electrical, plumbing, drywall and more

Current gross revenue is more than $225,000 below market, creating significant upside through lease-up of near-term eviction units and vacancies

New ownership has the potential to recapture an estimated $10,000 annually by implementing a utility bill-back program, further enhancing NOI.

Cap Rate:

10.77 %

Amenities

• 24 Hour Access
• Controlled Access
• Courtyard
• Recycling
• Kitchen
• Refrigerator
• Oven
• Range
• Tub/Shower
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
75th Street (Grand Crossing) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	5 min	0.2 mi
Stony Island Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	14 min	0.7 mi
Transit/Subway	Drive	Walk	Distance
75th Street (Grand Crossing) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	4 min	0.2 mi
Stony Island Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Chicago Midway International	19 min	-	9.4 mi
Chicago O'Hare International	67 min	-	30.5 mi