Southside Chicago Multifamily Portfolio

For Sale

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

This Chicago property for sale is located at 6804 S Perry / 6125 S Indiana / 7000 S Cregier / 7044 S Cornell / 7148-7158 S East End / 8004 S Eberhart / 8015 S Vernon. The current listed sale price for Southside Chicago Multifamily Portfolio is Contact Broker.

Contacts

broker

Richard Deptula

Friedman Real Estate

(248) 324-2000

Property Details

  • 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

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

Attachments

Getting around

  • 86/100

    Walk Score ®

  • 66/100

    Transit Score ®

  • 55/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • East of the Ryan

    0.58 miles

  • Empire Motel

    0.64 miles

  • South Shore Motel

    1.43 miles

  • Admiral Motel

    1.46 miles

  • Best Motel

    1.83 miles

  • Skyway Motel

    1.99 miles

  • The Study at the University of Chicago

    2.69 miles

  • Beverly Motel & Suites

    2.80 miles

  • New Budget Motel

    2.84 miles

  • Royal Motel

    2.98 miles

  • M & H Market

    0.69 miles

  • Forman Mills

    0.83 miles

  • ALDI

    0.99 miles

  • Marshalls

    1.09 miles

  • Food 4 Less

    1.13 miles

  • Shop-N-Save

    1.20 miles

  • Walmart Supercenter

    1.21 miles

  • ALDI

    1.22 miles

  • Jewel-Osco

    1.23 miles

  • dd's Discounts

    1.28 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.

Contact Listing Broker

broker

Richard Deptula

Friedman Real Estate

(248) 324-2000