7836 S Ada St

Auburn Gresham is on the South Side of Chicago just west of Chatham, spanning from 75h to 91st streets. Like many South Side communities, it grew rapidly after the World's Columbian Exposition on 1893. Also known as Gresham, this area is a historic neighborhood of Chicago that has been introduced to some major landmark investments. This neighborhood has seen great economic upside in the last few years and continues to grow with more and more investment. Just outside the Auburn Gresham community area is Auburn Park, with a lagoon that bends around five acres of green land in the middle of a neighborhood with a blend of bungalows and apartment buildings. Lastly, transit is made extremely easy as this neighborhood is surrounded by 2 separate Metra Services, major CTA Bus Lines, the Red Line, as well as the Dan Ryan Expressway. Commuters coming to and from downtown have ease of transportation while living here.Essex Realty Group, LLC. Has been exclusively engaged to market for sale a 13-unit multifamily building at 7836 S Ada St. Located in the Auburn Gresham neighborhood, the walk-up building is comprised of twelve (12) 2 bed / 1 bath and one (1) 1 bed / 1 bath apartments. Current ownership has renovated 7/13 units featuring new kitchens and baths with modern finishes. Looking forward, there is additional upside for a new owner to add laundry facilities and bring rents to market levels through the continued renovation of the remaining 6 units, which would enhance both the property’s income and its overall value. With its strong existing operations, and clear value-add opportunities, this presents an excellent investment opportunity for an investor to acquire a well-managed asset.