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About the Listing 88183 - 1016193,1017906,175411
2038 N Kostner Ave is a center-entrance, six-unit apartment building in Chicago's Hermosa neighborhood. The property sits on a double lot totaling 6,270 SF with a rear courtyard and a 4-car garage. The unit mix includes (1) 4-Bed/1-Bath, (3) 3-Bed/1-Bath, (1) 3-Bed/1-Bath garden, and (1) 2-Bed/1-Bath garden. The above-grade units averaging 1,398 SF and the garden units 900 SF. Systems include individual furnaces with window A/C, separate 100-amp electric panels, and separate hot water tanks per units. Tenants are responsible for their own heat and hot water costs. The property represents an opportunity for a new buyer to acquire a high-quality building in an appreciating neighborhood with strong cash flow in-place and future value-add upside. At list price, the building is offered at a 9.27x gross rent multiple or a 7.26% in-place cap rate without any renovation or capital investment. Future upside can be unlocked through the installation of in-unit laundry and central air conditioning at the property.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50 x 125
- Roof:
- Others:
- Sewer:
- Parking Features: 1-5 Spaces
Financial Details
- Tax Amount: $14,313
- Taxes w/Assessments: N/A
- Tax/Property ID: 13341290210000
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2038 N Kostner Ave Chicago, IL 60639
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