Contacts

Aaron Sklar

Kiser Group

(773) 293-5032

Property Details

Property Type Multi-Family
Property Size 42,600 SF
Units 52
Date Updated Feb 5, 2024

52 Units :: South ShoreKiser Group is pleased to exclusively present for purchase The Bennett Yates Portfolio, a two (2) building portfolio consisting of fifty-two (52) units located in Chicago's historic South Shore neighborhood. Situated in premier locations in one of Chicago's most rapidly appreciating neighborhoods, the assets are ideally located just blocks away from the Obama Presidential Library, Jackson Park, and Lake Michigan. The Bennett Yates Portfolio has an incredibly desirable unit mix. 7200 S. Bennett is comprised of twenty-five (25) 2Bd/1Ba & three (3) 1Bd/1Ba units, and 7421 S. Yates consists of eighteen (18) 1Bd/1Ba & six (6) 2Bd/1Ba units. All of which feature spacious floorplans with hardwood floors and have gone through varying degrees of updates both cosmetically and mechanically. Recent improvements to the buildings include, but are not limited to, modern boilers with R&D control system, updated kitchens & baths, newer porches, and an abundance of tuckpointing & masonry work. The Bennett Yates Portfolio provides an investor with the unique opportunity to obtain a stabilized, cash flowing portfolio in one of south sides most appreciating neighborhoods. With new projects such as the Obama Presidential Library and the Thrive Exchange development, investors can anticipate an influx of vibrancy and appreciation to the neighborhood.

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Highlights

10.36% Cap Rate
Renovated Buildings
Prime South Shore Location
Two (2) Building Portfolio
Thirty-One (31) 2Bd/1Ba & Twenty-One (21) 1Bd/1Ba

Getting around

78/100
Walk Score ®
65/100
Transit Score ®
58/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood South Shore
Zip Code 60649
Market Chicago

Points of Interest

South Shore

0.35 miles
Windsor Park

0.36 miles
Bryn Mawr

0.73 miles
Cheltenham (79th Street)

0.85 miles
Stony Island

1.20 miles
83rd Street

1.25 miles
87th Street

1.75 miles
59th Street (University of Chicago)

2.22 miles
South Chicago (93rd Street)

2.45 miles
Cottage Grove

2.49 miles

Amstar

0.07 miles
GoLo

0.46 miles
Fuel Star

0.55 miles
Midwest

0.57 miles
All Star

0.58 miles
Citgo

0.60 miles
BP

1.04 miles
Mobil

1.06 miles
BP

1.06 miles
Shell

1.14 miles

Dorchester Parking Lot

2.15 miles
Lexington Parking Lot

2.56 miles
93rd (South Chicago)

2.59 miles
Campus South Parking

2.63 miles
Parkiing / Mat Mgmt

2.81 miles
Medical Campus Parking Garage A

2.86 miles
Campus North Parking Garage

2.97 miles
Medical Campus Parking Garage B

3.00 miles
Garfield Park & Ride

3.67 miles
City of Chicago Auto Pound

3.98 miles

South Shore Motel

1.32 miles
East of the Ryan

1.95 miles
Empire Motel

2.02 miles
The Study at the University of Chicago

2.31 miles
Skyway Motel

2.41 miles
Best Motel

2.75 miles
Admiral Motel

2.96 miles
Hyatt Place Chicago-South/University Medical Center

3.00 miles
Sophy Hotel

3.01 miles
Chicago Lake Shore Hotel

3.30 miles

Local Market Foods

0.56 miles
Zees Supermarket Plus

1.07 miles
Save-A-Lot

1.12 miles
Jewel-Osco

1.12 miles
Save-A-Lot

1.20 miles
ALDI

1.24 miles
Cecy's Molino De Masa

1.59 miles
Pete's Produce

1.94 miles
La Fruteria

2.01 miles
Macias Produce

2.06 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

7200 S. Bennett & 7421 S. Yates