19-Unit Multifamily Investment

For Sale

6820 S PERRY AVE, Chicago, IL 60621

This Chicago property for sale is located at 6820 S PERRY AVE. The current listed sale price for 19-Unit Multifamily Investment is $1,349,000. 19-Unit Multifamily Investment is situated on a lot that is 0.2 acre in size.

Contacts

Calin Paunescu

Taty Management, LLC

Sarah Miller

Property Reserve

Property Details

  • Property Type Multi-Family
  • Property Size 35,232 SF
  • Units 19
  • Lot Size 0.2 Acre
  • Zoning Residential,
  • Year Built 1926
  • Date Updated Nov 11, 2026
Executive Summary Taty Management, LLC presents a 19-unit multifamily investment opportunity located in the Greater Grand Crossing neighborhood of Chicago. The property offers strong in-place cash flow with a 10.93% cap rate, supported by 100% occupancy and a stable tenant base. Current rents average approximately $1,091 per unit, providing a clear opportunity to increase revenue through a mark-to-market strategy. Comparable units in the surrounding market achieve rents between $1,250 and $1,400+, depending on condition. This asset represents an opportunity to acquire a cash-flowing property at an attractive basis of $71,000 per unit, with additional upside through gradual rent increases and operational efficiencies.
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Highlights

  • 0.5 miles to CTA Red Line (69th St)
  • 10 minutes to Downtown Chicago
  • Direct access to I-94 Expressway
  • LOCATION HIGHLIGHTS
  • Near Jackson Park & Obama Presidential Center (major growth driver)
  • Strong rental demand submarket
  • Average Current Rent: $1,100/unit
  • Below-market rents with 20% upside
  • Current vs Market Rents
  • Estimated Market Rent: $1,250$1,400/unit
  • Higher property valuation
  • HIGHLIGHTS
  • High-yield investment with 10.93% in-place cap rate
  • IMPROVMENTS:
  • Increase rents through turnover + light upgrades
  • Increased NOI
  • new spot tuck pointing,
  • newer boiler , updated hot water tanks, copper plumbing and electric system
  • Potential Increase: 2027%
  • repaired main sewer system

Getting around

  • 64/100

    Walk Score ®

  • 74/100

    Transit Score ®

  • 72/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Englewood
  • Zip Code 60621
  • Market Chicago

Points of Interest

  • Halsted

    1.02 miles

  • Garfield

    1.70 miles

  • 63rd Street

    2.07 miles

  • Stony Island

    2.13 miles

  • Gresham

    2.46 miles

  • 55th-56th-57th Street

    2.63 miles

  • 51st-53rd Street (Hyde Park)

    3.04 miles

  • Brainerd

    3.06 miles

  • South Shore

    3.27 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    4.35 miles

  • Shell

    0.19 miles

  • 76

    0.23 miles

  • Citgo

    0.28 miles

  • Falcon

    0.34 miles

  • BP

    0.37 miles

  • Mobil

    0.52 miles

  • Super Save

    0.82 miles

  • ChargePoint

    1.60 miles

  • Tesla Supercharger

    5.49 miles

  • eVgo

    6.59 miles

  • Campus South Parking

    1.58 miles

  • Parking/Materials Management

    1.73 miles

  • Medical Campus Parking Garage A

    1.79 miles

  • Garfield Park & Ride

    1.84 miles

  • Ashland/63rd Park & Ride

    1.88 miles

  • Medical Campus Parking Garage B

    1.92 miles

  • Kimbark South Parking Garage

    2.04 miles

  • Lexington Parking Lot

    2.05 miles

  • Chapin Hall Parking Lot

    2.14 miles

  • Campus North Parking Garage

    2.21 miles

  • Best Motel

    0.79 miles

  • Empire Motel

    1.57 miles

  • East of the Ryan

    1.89 miles

  • The Study at the University of Chicago

    2.04 miles

  • South Shore Motel

    2.75 miles

  • Sophy Hotel

    2.78 miles

  • Hyatt Place Chicago-South/University Medical Center

    2.93 miles

  • Admiral Motel

    3.12 miles

  • New Budget Motel

    3.19 miles

  • Chicago Lake Shore Hotel

    3.31 miles

  • Shop-N-Save

    0.54 miles

  • ALDI

    0.71 miles

  • Woodlawn Fresh Market

    1.00 miles

  • M & H Market

    1.01 miles

  • Save-A-Lot

    1.17 miles

  • Forman Mills

    1.27 miles

  • City Sports

    1.41 miles

  • Jewel-Osco

    1.47 miles

  • Go Green Community Fresh Market

    1.50 miles

  • Food 4 Less

    1.88 miles

Contact 19-Unit Multifamily Investment
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