Property details
Chicago Class A+ Multifamily Property For Sale, Great Lakes - Big Rivers Region
Property Description
Chicago Class A+ Multifamily Property For Sale
Owner Financing offered if closing takes by the end of this year (12/31/18). With 50% down, the owner will carry 50% for up to 6 months which is more than enough time to obtain conventional financing.
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The value is only going up and will peak at stabilization (at around 97% occupancy).
The owner will sell today at a firm price of $170M (4.40% cap rate).
This Developer Only Builds Top Of The Line Multifamily
Reserved For Buyers Who Demand Only The Best
Reserved For An All Cash Buyer
Condo Quality
750,000 SF
420 Units
Images
Highlights
- Status:
- Available
- Price:
- $170,000,000
- Cap Rate:
- 4.40%
Property Information
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 420
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.