Property profile

9985 Beverly Blvd Chicago, IL 60643

OFF-MARKET
Apartment buildings
6,000 SF
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Property summary

AI-generated overview

This exceptional four-unit apartment building, located at 9985 South Beverly Blvd in Chicago's desirable Beverly neighborhood, presents a compelling investment opportunity. The property boasts 6,000 square feet and comprises two 2-bedroom/1-bathroom residential units and two retail spaces. Each unit features its own furnace and water heater, ensuring independent climate control and reduced maintenance complexities. Currently, one retail unit is occupied, while the remaining three units are vacant, offering immediate potential for increased rental income. Recent capital improvements have enhanced the property's value and functionality. A detached garage provides additional income potential. Situated amongst single-family homes in a prestigious area, this property benefits from a strong location and high demand. The vacant units allow a new owner to immediately implement a rental strategy to maximize returns by stabilizing rents at market rates. This presents a unique chance to acquire an asset with significant upside potential in a highly sought-after Chicago neighborhood. The asking price is $389,000. This is a turnkey opportunity for an investor seeking immediate value appreciation and strong cash flow.

Property profile

Verified
Property type Apartment buildings
Total area 6,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9985 Beverly Blvd Chicago, IL 60643
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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