Southside Chicago Multifamily Portfolio Listing Details & Market Data

6804 S Perry / 6125 S Indiana / 7000 S Cregier / 7044 S Cornell / 7148-7158 S East End / 8004 S Eberhart / 8015 S Vernon, Chicago, IL 60621

  • For Sale Contact Broker
  • Property Type Multi-Family
  • Property Size 125,225 SF
  • Units 152
  • Date Updated Apr 9, 2024
6804 S Perry/6125 S Indiana/7000 S Cregier/7044 S Cornell/7148-7158 S East End/8004 S Eberhart/8015 S Vernon152-unit multifamily portfolio (7 properties) includes desirable one-bedroom, two-bedroom, and three-bedroom units Projected stabilized annual NOI = ±$972,000 44 of 80 occupied units pay a portion of in-place rent via section 8 vouchers totaling ±$490K of the ±$970K of in-place annual rent revenue The in-place ±53% portfolio occupancy provides a significant value-add opportunity for investors once stabilized and management efficiencies are implemented ±$329K has been invested across the portfolio to complete general capital improvements ±265,000 people reside within 3-miles of the portfolio with average household incomes >$60,000 Portfolio situated close to Metro Chicago’s public transit system, which includes a vast network of connected bus and rail line, as well as the University of Chicago and the Obama Presidential Center site at Jackson Park

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • 152-unit multifamily portfolio (7 properties) includes desirable one-bedroom, two-bedroom, and three-bedroom units
  • Projected stabilized annual NOI = ±$972,000
  • 44 of 80 occupied units pay a portion of in-place rent via section 8 vouchers totaling ±$490K of the ±$970K of in-place annual rent revenue
  • The in-place ±53% portfolio occupancy provides a significant value-add opportunity for investors once stabilized and management efficiencies are implemented
  • ±$329K has been invested across the portfolio to complete general capital improvements
  • ±265,000 people reside within 3-miles of the portfolio with average household incomes >$60,000
  • Portfolio situated close to Metro Chicago’s public transit system, which includes a vast network of connected bus and rail line, as well as the University of Chicago and the Obama Presidential Center site at Jackson Park

Contacts

broker

Richard Deptula

Friedman Real Estate

(248) 324-2000

Location

Getting Around

  • Walk Score ®

    Very Walkable (86)

  • Transit Score ®

    Good Transit (66)

  • Bike Score ®

    Bikeable (55)
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Chatham
  • Zip Code 60621
  • Market Chicago

Points of Interest

  • 79th

    0.65 miles

  • 87th

    1.09 miles

  • 69th

    1.53 miles

  • Stony Island

    1.74 miles

  • Gresham

    1.85 miles

  • 95th/Dan Ryan

    1.98 miles

  • King Drive

    2.15 miles

  • Bryn Mawr

    2.17 miles

  • Cottage Grove

    2.20 miles

  • 63rd

    2.39 miles

  • Marathon

    0.21 miles

  • Amstar

    0.39 miles

  • Marathon

    0.50 miles

  • Falcoln

    0.56 miles

  • Shell

    0.60 miles

  • Amstar

    0.67 miles

  • Shell

    0.68 miles

  • Falcon

    0.70 miles

  • Marathon

    0.76 miles

  • Mobil

    0.77 miles

  • Campus South Parking

    2.49 miles

  • Parkiing / Mat Mgmt

    2.74 miles

  • Dorchester Parking Lot

    2.74 miles

  • Medical Campus Parking Garage A

    2.81 miles

  • Lexington Parking Lot

    2.85 miles

  • Medical Campus Parking Garage B

    3.00 miles

  • Campus North Parking Garage

    3.20 miles

  • Garfield Park & Ride

    3.24 miles

  • Ashland/63rd Park & Ride

    3.30 miles

  • City of Chicago Auto Pound

    3.38 miles

  • Burger King

    0.17 miles

  • McDonald's

    0.19 miles

  • KFC

    0.39 miles

  • Pepe's Mexican Restaurant

    0.40 miles

  • City Life

    0.46 miles

  • Pepe's Mexican Restaurant

    0.57 miles

  • Jerk Taco Man

    0.67 miles

  • Dunkin'

    0.68 miles

  • Lem's Bar-B-Q

    0.68 miles

  • Soul Veg City

    0.72 miles

  • Nu-Tek School of Beauty Culture

    0.10 miles

  • Rescue Missionary Christian School

    0.13 miles

  • Ruggles Elementary School

    0.31 miles

  • Saint Dorothy School

    0.32 miles

  • Crickets Child and Infant Daycare Center

    0.37 miles

  • Dixon Elementary School

    0.43 miles

  • Global Enterprises School of Law Enforcement

    0.48 miles

  • Saint Clotildes School

    0.55 miles

  • Pirie Elementary School

    0.61 miles

  • Tanksons Martial Arts Academy

    0.63 miles

  • DJ Brooks Child Development Center

    1.98 miles

  • Kenyatta's Day Care and Learning Center

    2.45 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    2.68 miles

  • UChicago Child Development Center - Drexel

    3.05 miles

  • Daycare

    3.12 miles

  • Shining Star Child Development

    3.52 miles

  • Mari's Bumble Bee Academy

    3.85 miles

  • Restoring the Seed Childcare

    4.23 miles

  • Me & You Learning Academy

    4.36 miles

  • Shining Star Child Development

    5.09 miles

Contact Listing Broker

broker

Richard Deptula

Friedman Real Estate

(248) 324-2000