ON MARKET – MULTI-FAMILY
1934 W. Garfield Blvd Chicago, IL 60609
NEIGHBORHOOD
Back of the Yards
PRICE
$675,000
NUMBER OF UNITS
17
CAP RATE
9.32%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale a 17-unit multifamily property located at 1934 W. Garfield Boulevard in Chicago’s Back of the Yards neighborhood. The property is comprised of eight (8) 1Bd/1Ba, seven (7) 2Bd/1Ba, and two (2) 3Bd/1Ba units. The units feature electric baseboard heat, which is paid by the tenant as well as cooking gas. The property has been well maintained by the current owner and recently received a new roof layer in 2016.

LOCATION DETAILS

The property is located within walking distance of the areas many parks, retail outlets, and restaurants. In addition, the property is conveniently located about a mile from the Western Orange Line stop providing easy access to downtown Chicago and surrounding neighborhoods.

HIGHLIGHTS
  • Under Market Rents
  • Tenant Paid Electric Baseboard Heat
  • New Roof Layer (2016)
  • Good Unit Mix
  • 9.32% Cap Rate
  • 22.4% Total Return: Cash-on-Cash Return
LISTING BROKERS
Brian Mond
Director
312.662.9590
Brian Kochendorfer
Managing Director
773.305.4870