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For Sale
The 66th Street Apartments
1614 W. 66TH ST,
Chicago, IL 60636
Chicago, IL 60636
Asset Snapshot
1909
Year Built
2
Floor Count
8 Units
Unit Count
0 SF
Average Unit Size
6,120 SF
Property Size
87.5%
Occupancy
Offering Summary
Investment Overview
Real Realty is pleased to market for sale the 66th Street Apartments in Chicago's West Englewood neighborhood. This building presents an investor the opportunity to purchase 8 units containing all 2 bed 1 bath apartments with strong rental rates compared to market boasting a in-place cap rate of over 11%. Tenants pay for heat and electricity with individual furnaces and hot water heater in each unit. Landlord pays for common area utilities. This building sits right on the 66th & Ashland retail corridor, minutes from the Ashland/63rd CTA Green Line, major bus routes, and a short drive to I-90/94. Just 10 miles from downtown Chicago.Investment Highlights
- Strong rental rates compared to market
- 11% + in-place cap rate
- Tenant paid heat and hot water
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