Description
439 E. 111th Pl is a six (6) unit walk-up located in Chicago's historic Roseland neighborhood. The building sits on the corner of a quiet, tree-lined street one (1) block away from the premier Gwendolyn Brooks College Preparatory campus and one (1) block east of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 439 E 111th Pl is solely comprised of six (6) spacious 2bd/1ba units. Each apartment features renovated kitchens & baths and separate living & dining rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to, individual furnaces, newer kitchens & baths, refinished hardwood floors, and an abundance of masonry and tuckpointing work. 439 E. 111th Pl presents an investor with the opportunity to acquire a stable, fully occupied asset with an in-place cap rate of 10.4%. Solely through bringing all units up to market rate levels, a new owner could achieve a cap rate of over 13.1% and a cash return of 29.69%
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School Ratings & Info
Description
439 E. 111th Pl is a six (6) unit walk-up located in Chicago's historic Roseland neighborhood. The building sits on the corner of a quiet, tree-lined street one (1) block away from the premier Gwendolyn Brooks College Preparatory campus and one (1) block east of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 439 E 111th Pl is solely comprised of six (6) spacious 2bd/1ba units. Each apartment features renovated kitchens & baths and separate living & dining rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to, individual furnaces, newer kitchens & baths, refinished hardwood floors, and an abundance of masonry and tuckpointing work. 439 E. 111th Pl presents an investor with the opportunity to acquire a stable, fully occupied asset with an in-place cap rate of 10.4%. Solely through bringing all units up to market rate levels, a new owner could achieve a cap rate of over 13.1% and a cash return of 29.69%
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