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3.34% Loan-The Douglass Portfolio

7 Multifamily Properties Offered at $32,000,000 in Chicago, IL

INVESTMENT HIGHLIGHTS

  • 9.28% Cap Rate
  • Assumable Debt at 3.34% Interest Rate
  • 95% Subsidized Tenants
  • Completely Gut Renovated

EXECUTIVE SUMMARY

7 Building Portfolio: 328 Total Units
7635 S. East End: 26 Units
7748 S. Essex: 32 Units
7927 S. Marquette: 17 Units
6531 S. Lowe: 188 Units
7625 S. Eat End: 25 Units
7800 S. Sangamon: 21 Units
8056 S. Marshfield: 19 Units
Over 92% Occupied
Assumable financing: $19.6 million remaining, 3.34% interest rate

PROPERTY FACTS

Price $32,000,000
Price / SF $90.81 / SF
Cap Rate 9.28%
Sale Type Investment
Status Active
Number of Properties 7
Individually For Sale 0
Total Building Size 352,370 SF
Total Land Area 4.23 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Eastwood Garden Apartments
6531 S Lowe Ave, Chicago, IL 60621
Multifamily 206,322 SF 1974 -
7635-7645 S East End Ave, Chicago, IL 60649 Multifamily 15,850 SF 1930 -
8054 S Marshfield Ave, Chicago, IL 60620 Multifamily 12,700 SF 1925 -
7748 S Essex Ave
7748 S Essex Ave, Chicago, IL 60649
Multifamily 17,498 SF 1929 -
7625 S East End Ave, Chicago, IL 60649 Multifamily 40,800 SF 1923 -
South Shore Courtyard
7927 S Marquette Ave, Chicago, IL 60617
Multifamily 9,200 SF 1927 -
7800 S Sangamon St, Chicago, IL 60620 Multifamily 50,000 SF 1922 -
Show More > < Show Less
  • Listing ID: 33282819

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 3.34% Loan-The Douglass Portfolio, Chicago, IL

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