(Off Market) Chicago Multi-Family Building for Sale

Multi-Family | For Sale | 27,700 sqft

Jameson Commercial is pleased to offer for sale this extensively improved, highly profitable, ninety-eight (98) unit single room occupancy hotel centrally located between the Medical District and the United Center right off the 290 and the Blue Line. All 98 rooms include kitchenettes and showers, 24 include private toilets. Turnkey operation, 90-100% occupancy of weekly cash renters. In last 5 years – new boiler, roof, water heater, electrical service & distribution, windows and many more upgrades.

Sales Info:
■ Cap rate: 9.6%
■ NOI: $306,177

Location Description:
Next to the Medical District and United Center, right of the 290 and the Blue Line

Highlights:
■ Ninety-eight (98) total units
■ Highly profitable business with stable renter base (90-100% occupancy)
■ Numerous upgrades – including all mechanics, windows, roof etc

Photos: