Real Realty is pleased to present for sale the Stewart Suites located in Chicago's Englewood neighborhood. This opportunity presents an investor to acquire 18 apartments consisting of 2 studios, 7 one bed one baths, 7 two bed one baths, and 2 three bed one baths. Rental rates are currently strong in this building compared to market consisting of tenants on subsidies brought in by the owner while boasting a in-place cap rate of over 11. Tenants pay for their own gas and electric. Landlord covers water and common area utilities. Each unit has its own gas-fired boiler for heat. This building sits right on 70th & Stewart. Minutes from the 69th/Stewart bus stop and 0.3 miles from the CTA Green Line station and a short drive to I-90/94. Just 10 miles from downtown Chicago.
Baird & Warner Debbie Bacci Agent Cell: 847.302.1456 Email
Listing Office: Real Realty Inc
Listing Office Phone: 773-869-0500
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7002 S Stewart Avenue , Chicago, IL 60621.
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7002 S Stewart Avenue , Chicago, IL 60621.
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