- For Sale Contact Broker
- Property Type Multi-Family
- Property Size 125,225 SF
- Units 152
- Date Updated Apr 9, 2024
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Attachments
Highlights
- 152-unit multifamily portfolio (7 properties) includes desirable one-bedroom, two-bedroom, and three-bedroom units
- Projected stabilized annual NOI = ±$972,000
- 44 of 80 occupied units pay a portion of in-place rent via section 8 vouchers totaling ±$490K of the ±$970K of in-place annual rent revenue
- The in-place ±53% portfolio occupancy provides a significant value-add opportunity for investors once stabilized and management efficiencies are implemented
- ±$329K has been invested across the portfolio to complete general capital improvements
- ±265,000 people reside within 3-miles of the portfolio with average household incomes >$60,000
- Portfolio situated close to Metro Chicago’s public transit system, which includes a vast network of connected bus and rail line, as well as the University of Chicago and the Obama Presidential Center site at Jackson Park
False
Contacts
Location
Getting Around
-
Walk Score ®
86/100
Very Walkable
-
Transit Score ®
66/100
Good Transit
-
Bike Score ®
55/100
Bikeable
- City Chicago, IL
- Neighborhood Chatham
- Zip Code 60621
- Market Chicago
Points of Interest
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79th
0.65 miles
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87th
1.09 miles
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69th
1.53 miles
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Stony Island
1.74 miles
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Gresham
1.85 miles
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95th/Dan Ryan
1.98 miles
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King Drive
2.15 miles
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Bryn Mawr
2.17 miles
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Cottage Grove
2.20 miles
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63rd
2.39 miles
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Marathon
0.21 miles
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Amstar
0.39 miles
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Marathon
0.50 miles
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Falcoln
0.56 miles
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Shell
0.60 miles
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Amstar
0.67 miles
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Shell
0.68 miles
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Falcon
0.70 miles
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Marathon
0.76 miles
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Mobil
0.77 miles
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Campus South Parking
2.49 miles
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Parkiing / Mat Mgmt
2.74 miles
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Dorchester Parking Lot
2.74 miles
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Medical Campus Parking Garage A
2.81 miles
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Lexington Parking Lot
2.85 miles
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Medical Campus Parking Garage B
3.00 miles
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Campus North Parking Garage
3.20 miles
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Garfield Park & Ride
3.24 miles
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Ashland/63rd Park & Ride
3.30 miles
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City of Chicago Auto Pound
3.38 miles
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East of the Ryan
0.58 miles
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Empire Motel
0.64 miles
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South Shore Motel
1.43 miles
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Admiral Motel
1.46 miles
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Best Motel
1.83 miles
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Skyway Motel
1.99 miles
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The Study at the University of Chicago
2.69 miles
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Beverly Motel & Suites
2.80 miles
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New Budget Motel
2.84 miles
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Royal Motel
2.98 miles
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Burger King
0.17 miles
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McDonald's
0.19 miles
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KFC
0.39 miles
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Pepe's Mexican Restaurant
0.40 miles
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City Life
0.46 miles
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Pepe's Mexican Restaurant
0.57 miles
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Jerk Taco Man
0.67 miles
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Dunkin'
0.68 miles
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Lem's Bar-B-Q
0.68 miles
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Soul Veg City
0.72 miles
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Nu-Tek School of Beauty Culture
0.10 miles
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Rescue Missionary Christian School
0.13 miles
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Ruggles Elementary School
0.31 miles
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Saint Dorothy School
0.32 miles
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Crickets Child and Infant Daycare Center
0.37 miles
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Dixon Elementary School
0.43 miles
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Global Enterprises School of Law Enforcement
0.48 miles
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Saint Clotildes School
0.55 miles
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Pirie Elementary School
0.61 miles
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Tanksons Martial Arts Academy
0.63 miles
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DJ Brooks Child Development Center
1.98 miles
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Kenyatta's Day Care and Learning Center
2.45 miles
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Ada S. McKinley, Ersula Howard Child Care Center
2.68 miles
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UChicago Child Development Center - Drexel
3.05 miles
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Daycare
3.12 miles
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Shining Star Child Development
3.52 miles
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Mari's Bumble Bee Academy
3.85 miles
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Restoring the Seed Childcare
4.23 miles
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Me & You Learning Academy
4.36 miles
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Shining Star Child Development
5.09 miles
Frequently Asked Questions
What is the total square footage of Southside Chicago Multifamily Portfolio?
Southside Chicago Multifamily Portfolio totals 125,225 square feet.
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