Description

1515 N. Milwaukee Avenue is a four-unit multi-family building. All apartments are 2BD / 2BA units. Each apartment features individual HVAC, individual HW heater, and in-unit laundry. All apartments have the same layouts throughout the building. Three parking spaces on-site as well. Ground floor retail just signed a new 9-year NNN lease that expires in July of 2034 at market rent. Once new retail lease kicks in deal will be 7.8% CAP, 9.9X GRM, and 7.93% cash-on-cash return.