370 E 60th Street - Chicago

Copy and paste this link to view full auction details on RI Marketplace: Receiver Sale | 46-Unit Multifamily | Chicago MSA - Marketplace

SVN and RealINSIGHT Marketplace is pleased to present 352-370 E. 60th Street, a 46-unit multifamily asset in Chicago's Washington Park neighborhood. The two adjacent three-story masonry buildings are offered as a single asset and present a compelling value-add opportunity, with the property currently 37% occupied (17 of 46 units) and 29 units vacant. 352 E. 60th Street is a 21-unit, 19,974 SF building constructed in 1898 at the northeast corner of 60th Street and Calumet Avenue, with a unit mix of 14 two-bedroom and 7 three-bedroom apartments (7 occupied, 33%).

362 E. 60th Street is a 25-unit, 41,324 SF building constructed in 1914 at the northwest corner of 60th and Martin Luther King Drive, directly across from the 370-acre Washington Park, with a mix of 10 two-bedroom and 15 three-bedroom apartments (10 occupied, 40%). Both buildings are zoned RM-5 with no on-site parking. Washington Park sits 6 miles south of downtown Chicago, 1 mile southwest of the University of Chicago, and 8 miles southeast of Midway Airport, with strong CTA access and easy expressway connectivity.