West Chatham Portfolio
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West Chatham Portfolio
3 Properties Offered at $3,575,000 in Chicago, IL
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Opportunity For Investor to Raise Currently Below Market Rents: Significant Rental Upside
- Laundry Facilities On-Site and Secured Entry Ways
- $65k/Unit
- Meticulously Maintained by Long-Term Local Owner
- Easy Access to I-94 & I-90, Red Line, and Rock Island Metra
Executive Summary
Essex Realty Group Inc. has been exclusively engaged to market for sale 7909 S Normal Ave, 441 W 79th St, & 445 W 79th , 55-Unit portfolio. The subject properties are located in the highly desirable West Chatham neighborhood of Chicago’s southside.
The subject properties are three (3) story buildings consisting of six (6) studios, twenty-six (26) one bedroom / one bathroom, twelve (12) two bedroom / one bathroom, three (3) three bedroom / one bathroom apartments, and eight (8) commercial spaces. The buildings have been meticulously maintained since acquiring, with the units featuring large layouts, windows, closets, radiator heating, hardwood floors.
This value-add opportunity is an excellent investment for a multifamily investor to expand their portfolio with well stabilized buildings with the opportunity to raise below market rents.
The subject properties are three (3) story buildings consisting of six (6) studios, twenty-six (26) one bedroom / one bathroom, twelve (12) two bedroom / one bathroom, three (3) three bedroom / one bathroom apartments, and eight (8) commercial spaces. The buildings have been meticulously maintained since acquiring, with the units featuring large layouts, windows, closets, radiator heating, hardwood floors.
This value-add opportunity is an excellent investment for a multifamily investor to expand their portfolio with well stabilized buildings with the opportunity to raise below market rents.
Property Facts
| Price | $3,575,000 | Number of Properties | 3 |
| Price / SF | $82.05 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 43,572 SF |
| Status | Active | Total Land Area | 1.23 AC |
| Price | $3,575,000 |
| Price / SF | $82.05 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 43,572 SF |
| Total Land Area | 1.23 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7909 S Normal Ave, Chicago, IL 60620 | Multifamily | 20,000 SF | 1928 | - |
|
Neighborhood Housing Services
441-443 W 79th St, Chicago, IL 60620 |
Retail | 17,572 SF | 1928 | - |
| 445-459 W 79th St, Chicago, IL 60620 | Retail | 6,000 SF | 1915 | - |
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