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7635 S Coles Ave
Chicago, IL 60649
Favorable Renter-Centric Area by South Shore · Multifamily Property For Sale · 13 Units

INVESTMENT HIGHLIGHTS

  • Brick, 13-unit California-style apartment building within walking distance to Rainbow Beach and numerous public transportation routes in Chicago.
  • Stabilized investment opportunity with the ability to add value through vacancy lease-up at market rents and add a potential on-site laundry facility.
  • Strategically located along Lake Michigan’s Shoreline with ideal proximity to the Chicago Loop and numerous South Shore attractions and amenities.
  • Beneficially surrounded by a prominently renter-centered community of more than 358,000 residents who live in 67% of renter-occupied households.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 13
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.23 AC
Building Size 11,475 SF
Average Occupancy 92%
No. Stories 3
Year Built/Renovated 1964/2015
Parking Ratio 0.61/1,000 SF
Zoning RT-4
Parcel Numbers
21-30-404-044-1001
  • 21-30-404-044-1002
  • 21-30-404-044-1003
  • 21-30-404-044-1004
  • 21-30-404-044-1005
  • 21-30-404-044-1006
  • 21-30-404-044-1007
  • 21-30-404-044-1008
  • 21-30-404-044-1009
  • 21-30-404-044-1010
  • 21-30-404-044-1011
  • 21-30-404-044-1012
  • 21-30-404-044-1013
  • Listing ID: 35058948

  • Date on Market: 3/7/2025

  • Last Updated:

  • Address: 7635 S Coles Ave, Chicago, IL 60649

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