Class A 6-Unit Multifamily Building
2431 N. 78th Ct. Elmwood Park, IL 60707
Pricing/Terms Explained
$825,000
$137,500 / Unit
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.
