8018-8020 S Eberhart Avenue, Chatham, IL 62629

Active · For Sale · Multi Family 5+

$825,000

8018-8020 S Eberhart Avenue, Chatham, IL 62629

Units
13
Price / Unit
$63,462
Est. Cap Rate
9.93%
Est. GRM
6.02

Property Overview

Interra Realty LLC has been exclusively engaged to present 8018-20 S. Eberhart Ave for sale. A center entrance, 13 unit multi family asset featuring all 1 BD/1 BA units with spacious floor plans. Located in Chicago's South Side in the Chatham submarket, the property has been pridefully maintained and managed by a long term ownership group and presents a significant value add component by bringing rents to market levels upon tenant turnover. Current ownership has updated all units and has made significant cap-ex improvements including an updated roof, porches, electric, plumbing, and windows. A qualified investor has the opportunity to acquire a turn key, well managed, stabilized asset in one of Chicago's fastest appreciating submarkets with the ability to continue to increase rents to the top of the market.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$137,100
Reported Annual Expenses
$55,148
Estimated NOI
$81,952
Estimated Cap Rate
9.93%
Estimated GRM
6.02
Annual Taxes
$15,108 (2024)

Property Details

Units
13
Lot Dimensions
25 X 100
Stories
3
Year Built
1925
Building Age
Older
Parcel Number
20342090220000

Operations & Utilities

Heating
Central Bldg Heat
Tenant Pays
Electricity

Location & Use

County
Cook
Market Area
Chatham

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.