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Multifamily

623 E Groveland Park

623 E Groveland Park, Chicago, IL 60616

Listing Price: $1,525,000

Cap Rate
6.82%
Number of Units
6
GRM
9.41
Occupancy
97.0%
Price/Unit
$254,167
Price/Gross SF
$221.01
Gross SF
6,900

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity in the Groveland Park neighborhood of Chicago. The subject property of 623 East Groveland Park is located 6.3 miles south of Chicago’s downtown Loop area. The property is in an exclusive gated community along the shores of Lake Michigan.

The unit mix for this property includes six three-bedrooms / one-bathroom units that measure 1,100-1,200 square feet. The units have open floor plans and are newly renovated with modern finishes. The units feature stainless steel appliances, dark hardwood floors and fresh paint.

The building has been well maintained through the current ownership. Recent capital improvements include new plumbing, electric, HVAC, roof and other quality finishes around the property. There is also on-site laundry for additional income for the new owner. Parking and storage are currently included in the rent for the tenants.

Investment Highlights

  • Location of this asset an exclusive gated community, with private park, along the shores of Lake Michigan
  • Attractive Unit Mix | (6) Three Bedrooms
  • Newly renovated asset with all new infrastructure including plumbing, electric, HVAC, Roof and quality finishes
  • On-site Parking for Additional Income
  • Close proximity to lake, shopping, McCormick Place Soldiers Field, Guaranteed Rate Stadium, Wintrust Area, Shopping and Restaurants

Exclusively Listed By

Multifamily

623 E Groveland Park

Listing Price: $1,525,000

Cap Rate
6.82%
Number of Units
6
GRM
9.41
Occupancy
97.0%
Price/Unit
$254,167
Price/Gross SF
$221.01
Gross SF
6,900

Investment Highlights

  • Location of this asset an exclusive gated community, with private park, along the shores of Lake Michigan
  • Attractive Unit Mix | (6) Three Bedrooms
  • Newly renovated asset with all new infrastructure including plumbing, electric, HVAC, Roof and quality finishes
  • On-site Parking for Additional Income
  • Close proximity to lake, shopping, McCormick Place Soldiers Field, Guaranteed Rate Stadium, Wintrust Area, Shopping and Restaurants

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity in the Groveland Park neighborhood of Chicago. The subject property of 623 East Groveland Park is located 6.3 miles south of Chicago’s downtown Loop area. The property is in an exclusive gated community along the shores of Lake Michigan. The unit mix for this property includes six three-bedrooms / one-bathroom units that measure 1,100-1,200 square feet. The units have open floor plans and are newly renovated with modern finishes. The units feature stainless steel appliances, dark hardwood floors and fresh paint. The building has been well maintained through the current ownership. Recent capital improvements include new plumbing, electric, HVAC, roof and other quality finishes around the property. There is also on-site laundry for additional income for the new owner. Parking and storage are currently included in the rent for the tenants.

Exclusively Listed By

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