Skip to main content

Multifamily

1254 N Cleaver St

1254 N Cleaver St, Chicago, IL 60642

Listing Price: $1,400,000

Cap Rate
4.88%
Number of Units
4
Occupancy
100.0%
Price/Unit
$350,000
Price/Gross SF
$236.17
Gross SF
5,928

Investment Overview

Marcus & Millichap is pleased to present 1254 North Cleaver St, Located in the Noble Square neighborhood of Chicago, Illinois. The property consists of 5928 square feet of apartment units with four three-bedroom/two-bathroom apartment units and three tandem(six total) parking spots. The subject is walking distance to Chicago Transit Authority's(CTA) Division Blue Line stop and Milwaukee Avenue's entertainment district. The property is near the Kennedy Expressway(I-90/94), Strategically located near Pulaski Field House Park . The average household income $153,318 per year within a three-mile radius and the majority of the population is 34 years and under. This vibrant area of Chicago with numerous options for dining, shopping, entertainment and nightlife.

Investment Highlights

  • Turn-Key Property With Large Upside in Rents
  • Three Tandem Spots That Could Generate Additional Income Total Six Spaces
  • Walking Distance to CTA Blue Line Station "Division"

Exclusively Listed By

Listing Price: $1,400,000

Cap Rate
4.88%
Number of Units
4
Occupancy
100.0%
Price/Unit
$350,000
Price/Gross SF
$236.17
Gross SF
5,928

Investment Highlights

  • Turn-Key Property With Large Upside in Rents
  • Three Tandem Spots That Could Generate Additional Income Total Six Spaces
  • Walking Distance to CTA Blue Line Station "Division"

Investment Overview

Marcus & Millichap is pleased to present 1254 North Cleaver St, Located in the Noble Square neighborhood of Chicago, Illinois. The property consists of 5928 square feet of apartment units with four three-bedroom/two-bathroom apartment units and three tandem(six total) parking spots. The subject is walking distance to Chicago Transit Authority's(CTA) Division Blue Line stop and Milwaukee Avenue's entertainment district. The property is near the Kennedy Expressway(I-90/94), Strategically located near Pulaski Field House Park . The average household income $153,318 per year within a three-mile radius and the majority of the population is 34 years and under. This vibrant area of Chicago with numerous options for dining, shopping, entertainment and nightlife.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower