The Westbrook | 7901 S Racine Ave
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The Westbrook 7901 S Racine Ave
33 Unit Apartment Building $2,190,000 ($66,364/Unit) Chicago, IL 60620
Executive Summary
Presenting a prime opportunity for cornerstone investment on 79th and Racine. This beautiful 33 Unit mixed-use property, with RT-4 zoning, is strategically located in the Auburn Gresham area of Chicago. adjacent to Walgreen and BJs Market. Directly opposite WalgreensBoasting a structure designed for multifamily use, this property holds immense potential for mid-rise development. With its expansive square footage and appropriate zoning, investors have the flexibility to capitalize on the growing demand for high-quality multifamily residences in this vibrant market. The property's RT-4 zoning further enhances its appeal, offering potential for a variety of development options to meet the needs of this thriving community, making it an ideal prospect for mid-rise investors seeking a strategic investment in the 79th street corridor.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | - | 550 - 900 |
| 1+1 | 12 | - | 650 |
| 2+2 | 8 | - | 750 |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 20-32-200-001-0000 | Improvements Assessment | $258,320 |
| Land Assessment | $11,880 | Total Assessment | $270,200 |
PROPERTY TAXES
Parcel Number
20-32-200-001-0000
Land Assessment
$11,880
Improvements Assessment
$258,320
Total Assessment
$270,200
zoning
| Zoning Code | RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
| RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
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The Westbrook | 7901 S Racine Ave
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