Opportunity Zone!!! Opportunity Zone!!!! Here is a great way to invest capital, improve a property, & defer a chunk of income tax until the Federal Income Tax is completely removed. As this property uniquely blends residential, retail, and office space, it offers direct line to transportation and a solid 10.5% cap rate. Through improved management, you can easily take this cap rate over 15%. The 66 Units are comprised of 49 apartments, 10 Offices, & 7 retail street level stores. All apartments & 7 retail spaces have individual heat, the office spaces are heated by the owner which significantly reduces the expenses for a new investor. With this multiunit being historically 90% occupied, it offers new owners a great level of comfort as they turn over units, do improvements, & increase rents. I want to remind you this sits in an Opportunity Zone!!!!
Additional Information: This property is located in the CHI - Roseland neighborhood, IL. This bedrooms multi family 5+ property is priced at $1,800,000.
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Listing information last updated on September 18th, 2019 at 6:35am CDT.