Receiver Sale | 31-Unit Multifamily | Chicago MSA

• Significant Value-Add Opportunity — Currently vacant, the property offers substantial upside through lease-up, renovation, and stabilization in an established Chicago neighborhood.
• Prime Lake Shore Drive Access — Situated right off Lake Shore Drive with immediate access to Chicago’s premier lakefront corridor and major expressways including I-90.
• Dense Urban Infill Location — Over 150,000 residents within three miles of the property, providing a deep and active renter pool for stabilization.
• Strong Transit Connectivity — Just a few blocks from the Chatham/79th (Cheltenham) Street Metra Station, connecting residents to downtown Chicago and beyond.
• National Retailer Ecosystem — Within close proximity to Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and other national service retailers.
• Auction-Priced Acquisition — Offered via competitive auction, providing buyers a transparent, market-driven path to acquire at a reset basis below replacement cost.

SVN and RealINSIGHT Marketplace is pleased to present 6849 South Clyde Avenue, a 31-unit multifamily apartment building located in Chicago’s South Shore neighborhood on the east side of Clyde Avenue, between 68th and 69th Streets. The property is offered via competitive auction and represents a compelling value-add opportunity for investors seeking repositioning upside at a reset basis. Currently vacant, the asset provides an investor the ability to execute a comprehensive lease-up strategy in a dense urban infill market with over 150,000 residents within three miles. The property benefits from exceptional transportation infrastructure, situated directly off Lake Shore Drive with convenient access to the Chatham/79th (Cheltenham) Street Metra Station and located just under two miles east of Interstate-90. The surrounding South Shore neighborhood is supported by a strong base of national retailers including Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesar’s Pizza, among others, providing residents with essential everyday conveniences. Approximately 10 miles south of downtown Chicago, South Shore offers the density and connectivity of an urban neighborhood at pricing well below core city submarkets, creating an attractive risk-adjusted entry point for value-add multifamily investors.

Starting Bid $600,000

Auctioneer: Scott Bowers

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 40000273