Chicago Bronzeville - 2 mixed props, 2 coaches, & lot - 11% Cap R

[Jeremy W.]

Recently taken off market, broker called me and told me price is reduced from $1.5m to $800k because owner is retiring, in a great location close to public transit in the near South Loop (right off the Sox-35th redline / Brozeville-IIT green line stop). 

$78,513 NOI, 9.8% cap rate, huge upside with oversized lot

2 retail spaces, 6 studios (1 vacant), 1 2-bed, 2 3-beds, 2 coach homes, and an oversized lot

Looking for a money partner. 80/20. Will re-invest commission into the deal.