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6700 S Clyde Ave

13 Unit Apartment Building $2,150,000 ($165,385/Unit) 7.60% Cap Rate Chicago, IL 60649

Apartment Buildings Illinois Chicago 6700 S Clyde Ave, Chicago, IL 60649

Investment Highlights

  • Excellent Unit Mix of One, Two & Three Bedroom Units (Many with Primary En-Suites)
  • Walking distance from the Obama Presidential Library
  • Across from Jackson Park Gold Course & Harbor along Lake Michigan, Lakefront Trails & Beaches
  • Very Attractive Assumable Fannie Mae Debt (See OM for details)

Executive Summary

AMAZING OPPORTUNITY TO OWN ONE OF THE NICEST CONDOMINIUMS BUILDINGS IN THE JACKSON PARK HIGHLANDS AREA OF SOUTH SHORE. Assumable Fannie Mae Debt. See "Offering Memorandum" for details.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Price $2,150,000 Apartment Style Low Rise
Price Per Unit $165,385 Building Class B
Sale Type Investment Lot Size 0.15 AC
Cap Rate 7.60% Building Size 14,600 SF
Gross Rent Multiplier 9.2 Average Occupancy 100%
No. Units 13 No. Stories 3
Property Type Multifamily Year Built/Renovated 1934/2015
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $2,150,000
Price Per Unit $165,385
Sale Type Investment
Cap Rate 7.60%
Gross Rent Multiplier 9.2
No. Units 13
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.15 AC
Building Size 14,600 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1934/2015
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • Storage Space
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Tub/Shower
  • Island Kitchen
  • Linen Closet

Site Amenities

  • Fenced Lot
  • Gated
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,225 800
2+1 3 $1,441 1,100
2+2 6 $1,699 1,150
3+2 3 $1,913 1,200

Links

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6700 S Clyde Ave, Chicago, IL - aerial map view
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
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Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 20-24-401-035-0000 Total Assessment $77,374
Land Assessment $8,658 Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $68,716 Tax Year 2023 Payable 2023

PROPERTY TAXES

Parcel Number
20-24-401-035-0000
Land Assessment
$8,658
Improvements Assessment
$68,716
Total Assessment
$77,374
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023

zoning

Zoning Code RM-5 (Residential Multi-Unit)
RM-5 (Residential Multi-Unit)
(312) 254-0307

Contacts

  • Listing ID: 31087446

  • Date on Market: 2/29/2024

  • Last Updated:

  • Address: 6700 S Clyde Ave, Chicago, IL 60649

More public record information on 6700 S Clyde Ave, Chicago, IL 60649

The South Chicago Multifamily Property at 6700 S Clyde Ave, Chicago, IL 60649 is currently available. Contact ROC Advisory Group - @properties Commercial for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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6700 S Clyde Ave
(312) 254-0307 x

6700 S Clyde Ave

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Kevin Rocio

(312) 254-0307

(312) 254-0307

David Urbaniak

(773) 862-0200

(773) 862-0200

Sharial Howard

(312) 254-0200

(312) 254-0200

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