
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.