What is the average price and cap rate for 12 unit apartment buildings on the south side of chicago?
Answers (1)
FIRST ANSWER
Greg,
A quick search of the Kenwood, Woodlawn & South Shore areas shows apartment buildings greater than 12 units (on average, 20 unit buildings) are listed at $1.1m but this is too vague an analysis due to unit sizes, location and building type for it to be of any use.
The CAP rate is not listed for each property but a good guideline is to focus on buildings with a CAP rate of at least 6.5-7%.
Please provide a more specific area so that accurate and more detailed information can be provided.
Thank you, Ken.
Web Reference: http://www.KDRchicago.com
Didn’t find what you were looking for? Ask a question!
More Q&A about Market Conditions in South Shore
View all »
Answered Thu Sep 17 2009, 10:13 by Stacy Karel in South Shore
Asked Wed Feb 27 2008, 05:52 by Greg in South Shore
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 2,926
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback