50 Unit South Side Portfolio

Property Overview

Interra Realty has been exclusively engaged to market for sale a Fifty (50) Unit, Three Property Portfolio in Chicago's South Shore and Chatham neighborhoods. All units have been upgraded including newer kitchens, bathrooms, heating systems (Boiler or HVAC) and windows. The properties are being offered for sale on an individual or portfolio basis.

Highlights

  • Three Properties located within 1 Mile of each other.
  • Opportunity to acquire 50 total units without deferred maintenance.
  • Majority of the units are market rate.
  • Newer boiler at 7851 S. Constance; 7952 S. Dobson has individual furnaces. 8022 S. Ellis has newer electric baseboard heat – tenant paid.
  • Brand New office built out and available at 7851 S. Constance.

Key Details

Asking Price
$2,100,000
Number Of Units
50
Cap Rate
9.7