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Class A 6-Unit Multifamily Building

2431 N. 78th Ct. Elmwood Park, IL 60707

Pricing/Terms Explained 

$825,000

$137,500 / Unit

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11

Beds

6

Baths

5,175

Sq. Ft.

1964

Yr. Built

100%

Occupancy

6 Spaces

3 Stories

Boiler Heat

Paid, On Site

Street View

Property Summary

About The Property

Type

Multifamily

In Place NOI

$58,233

Target CAP Rate

7.1%

Today's Market Value

$1,160,000

Target Purchase Price

$825,000

Units

6

Projected NOI

$83,384

Market CAP Rate

5%

Value w/Market Rents

$1,660,000

Cost Per Unit

$137,500

An exceptional brick building located across in the heart of Elmwood Park - a Grade A+ municipality. The building features 5 spacious two-bedroom apartments and 1 one-bedroom apartment. The building is 3 stories with laundry on each floor. All tenants are separately metered for electric. Owner is responsible for common areas.

About the Neighborhood

Elmwood park is a small town bordering Chicago’s west side. With a population of 25,000, the town is known for its distinct Italian-American heritage and was famously incorporated to avoid annexation by Chicago in 1914. Elmwood Park is only 9 miles from downtown Chicago and exhibits many characteristics of Chicago’s neighborhoods.

Due
Diligence

Documents

Chase Real Estate conducts a thorough document review on every property. For access to current leases for this property please fill out our Leases Request Form.

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