260 Unit South Side Portfolio (South Shore, Marquette Park, Auburn Gresham)

Property Overview

Interra Realty has been exclusively engaged to market a Ten (10) property, 260 unit multifamily portfolio in Chicago’s South Shore and Marquette Park neighborhoods. All of the properties have experienced recent capital improvements including in unit upgrades, main building systems, roof and porches. Some of the buildings feature on-site laundry facilities and parking. The attractive and diverse unit mix is comprised of ground floor retail, studio, one, two and three bedroom apartments.

The properties have been very well maintained and professionally managed allowing a new owner to acquire a sizable portfolio with strong in place cash flow, while also presenting a value-add opportunity via continued unit modernization in order to achieve proven higher rent levels.

The portfolio offers new investors the opportunity to realize immediate economies of scale in Chicago Submarkets that offer higher returns than other urban and suburban locations, with neighborhood drivers that position the buildings as candidates for appreciation and future rent growth.

Highlights

  • Rare Opportunity to Acquire Large Portfolio Offering Immediate Economies of Scale
  • Well Maintained & Professionally Managed with Value-Add Potential
  • Many Recent Capital Improvements
  • Desirable Submarkets Offering Attractive Returns and Positioned for Appreciation and Rent Growth

Key Details

Asking Price
Subject to Offer
Financing
Free & Clear of Existing Debt
Number of Units
10 Buildings, 260 Units
Unit MIx
31 - Studios
140 - 1 BR/1BA
75 - 2BR/1BA
8 - 3BR/1BA
6 - Commercial Spaces
Parking
20 Surface Spaces (7048 S. Merrill Ave.)
Passenger Elevators
6811 S. Paxton Ave., 7048 S. Merrill Ave.