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5701 W. Washington Blvd

$950,000

5701 West Washington Boulevard, Chicago, IL 60644

Active
Last Updated: 02/21/2024

8.24

Cap Rate

64,109

NOI

Details:
Cap Rate:    8.24%
NOI:    $64,109
Building Size:    11,400 sqft
Description:

The Multifamily Investment Advisors in conjunction with KW Commercial & Keller Williams ONEChicago is proud to present 5701 W. Washington Blvd, Chicago, IL 60644. The following executive summary provides a comprehensive overview of a prime multifamily property located at 5701 W. Washington Blvd,Chicago, IL 60644, situated within the vibrant Austin community. This property presents a unique investment opportunity in the thriving Chicago real estate market. 

The 16-unit multifamily property at 5701 W. Washington Blvd strategically located in the heart of the Austin community, offers a mix of well-designed residential units catering to diverse housing needs. The property is conveniently positioned to provide easy access to essential amenities, transportation, and local attractions 




 

 

 

 

 

 

 

Strategic Location: Situated in the Austin community, the property benefits from its proximity to schools, parks, shopping centers, healthcare facilities, and public transportation, ensuring convenience and attractiveness for potential tenants. 

Investment Potential: The property's location within a rapidly evolving neighborhood presents significant investment potential. Austin has been experiencing revitalization efforts, making it an appealing destination for renters seeking affordability and urban conveniences. 

Strong Rental Demand: The Chicago rental market, coupled with the property's accessible location, ensures a steady demand for well-maintained, affordable housing options, contributing to consistent occupancy rates. 

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