1131 S Sacramento Boulevard
Chicago, IL 60612

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Description

Investor Alert: Secure a high-potential asset on the historic South Sacramento Blvd. This solid brick multi-unit sits on an oversized lot, offering the perfect canvas for a value-add "BRRRR" strategy or a stable long-term hold. Featuring expansive layouts, high ceilings, and great natural light, these units are primed for modern updates to command top-tier market rents. The location is a major win for tenant demand: steps from Douglas Park, minutes from the Illinois Medical District, and easy access to the Pink Line and I-290. As investment continues to pour into the West Side, boulevard properties like this remain the gold standard for appreciation. The oversized lot also offers potential for additional parking income or future expansion. Bring your contractor and your vision to a property with incredible bones and even better upside. Sold AS-IS. Don't miss the chance to anchor your portfolio with a legacy asset in a high-growth corridor.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60612
• Year Built: 1928
• Sq.Ft.: 4,700 sq ft
• Stories: 3
• Units: 11 units
• Lot Size: 7841 sq ft lot
• Zoning: MULTI
• # Of Dryers: 5
• # Of Ranges: 11
• # Of Refrigs: 11
• # Of Washers: 4
• Approximate Age: 26-35 Years
• Building Area Total: 4700
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.18
• Construction Materials: Brick
• Directions: From the Chicago Loop The drive from the Loop typically takes about 10 minutes, covering roughly 4.7 miles. Primary Route: Head west to merge onto I-290 W (Eisenhower Expressway). Key Exit: Take the exit toward Sacramento Blvd/California Ave. Final Approach: Turn left (south) onto S Sacramento Blvd. The property will be on your left. View full directions from the Loop From the West Suburbs (Melrose Park area) The commute from the western suburbs takes approximately 17 minutes, covering about 10.4 miles. Primary Route: Get onto I-290 E heading toward Chicago. Key Exit: Use the exit for Sacramento Blvd/California Ave. Final Approach: Turn right (south) onto S Sacramento Blvd. The destination is just a few blocks south on the east side of the street. View full directions from the West Suburbs
• Electric: Circuit Breakers
• Electric Expense: 6089
• Foundation Details: Concrete Perimeter
• Gross Income: 144588
• Gross Rent Multiplier: 8.99
• Heat/Ventilation: Individual Furnaces
• Information: 24-Hr Notice Required
• Insurance Expense: 18705
• Lot Size Source: County Records
• Lot Size Square Feet: 7875
• Main Type: Commercial Sale
• Operating Expense: 11615
• Tax Annual Amount: 11615
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Total Monthly Income: 12049
• Township: West Chicago
• Trash Expense: 3351
• Type Multi-Family: Corridor-Interior Entrance, Courtyard
• Water Sewer Expense: 3982