Property Overview

Interra Realty, LLC has been exclusively engaged to market for sale 6710 S. Claremont Avenue. The asset is a 55-unit multifamily apartment building located in Chicago’s Chicago Lawn / Marquette Park neighborhood. The unit mix features forty-six (46) 1Br/1Ba, three (3) 2Br/1Ba and six (6) ground floor commercial spaces. The opportunity allows for a new investor to acquire a cash flowing, professionally managed asset of scale, while simultaneously continuing to drive rents to market levels via modest upgrades in the remaining apartments.

Highlights

  • Individual Furnaces in All Units
  • On-Site Laundry Facility
  • Roof Repairs and Tuckpointing Work (Replacement of Pitched Roof Scheduled)
  • Repaired and Painted Fire Escapes
  • New Security Cameras
  • Common Area, Building System and In-Unit Energy Efficiency Improvements

Key Details

Asking Price
$3,200,000
Number of Units
55
Lot Size
15,682 SF
Year Built
1928
Cap Rate
8.56%