9.4% Cap Rate for Fully Leased Apartment Building
No Longer Available
3255 W. Lexington St.
Chicago, IL 60624
3,791 SF
Multi-Family
The Details
- 3,791 SF apartment building
- Divided into three units
- All 3 bed, 2 bath apartments
- Condo-quality finishes
- Private outdoor space for each apartment
- 100% leased month to month
- Developed in 2007
- Est. NOI (2017): $35,731
- Est. Cap Rate: 9.4%
- Land Area: 3,016 SF
- Parking for 2 cars
- Zoning: RT-4
This 3,791 square foot apartment building is divided into three condo-quality apartments. All of the units are currently leased and feature three bedrooms, two baths and a private outdoor space. The building was developed in 2007 and includes a paved parking area for two cars at the rear of the site.
On the west side of Chicago, these apartments are located in Homan Square, approximately three miles from downtown. With proximity to the Illinois Medical District, Mount Sinai Hospital and St. Anthony’s Hospital, the area includes a large number of young professionals.