Skip to main content

Multifamily

7648 - 7658 South Phillips Avenue

7648 S Phillips Ave, Chicago, IL 60649

Listing Price: $2,300,000

Cap Rate
7.24%
Number of Units
31
Occupancy
94.0%
Price/Unit
$74,194
Price/Gross SF
$106.24
Gross SF
21,650

Investment Overview

Marcus & Millichap is pleased to present this multifamily portfolio opportunity in the South Shore and Avalon Park neighborhoods of Chicago, Illinois. 7648-7658 South Phillips Avenue consists of 31 apartments, and 7933-7935 South Woodlawn Avenue consists 13 units. The properties are a mix of studios, one-bedroom and two-bedroom units. They are meticulously maintained and updated with newer kitchen and bathroom finishes, appliances, and wood flooring when turned over. The Woodlawn property is a one-minute walk to Metra’s 79th St train stop and Chicago Transit Authority’s (CTA) 9 bus stop. The Phillips property Is a ten-minute walk to Metra’s Windsor Park train stop and a six-minute walk to CTA’s 5, 75, and 95 bus stops. The South Shore neighborhood boasts many great features, including a variety of restaurants, entertainment, shopping centers and local small businesses. It is home to a pristine stretch of lakefront that includes multiple beaches, public parks and community gardens. Avalon park is a small neighborhood located directly adjacent to South Shore. It is comprised of primarily single family homes, offering residents a quiet dense suburban feel.

Investment Highlights

  • Portfolio Opportunity of 44 Units
  • Excellent Mix of Studios, One and Two-Bedrooms
  • Ideally Located Near Numerous Metra an CTA Stops
  • Strong Historical Occupancy With Significant Rental Upside

Exclusively Listed By

Financing By

Multifamily

7648 - 7658 South Phillips Avenue

Listing Price: $2,300,000

Cap Rate
7.24%
Number of Units
31
Occupancy
94.0%
Price/Unit
$74,194
Price/Gross SF
$106.24
Gross SF
21,650

Investment Highlights

  • Portfolio Opportunity of 44 Units
  • Excellent Mix of Studios, One and Two-Bedrooms
  • Ideally Located Near Numerous Metra an CTA Stops
  • Strong Historical Occupancy With Significant Rental Upside

Investment Overview

Marcus & Millichap is pleased to present this multifamily portfolio opportunity in the South Shore and Avalon Park neighborhoods of Chicago, Illinois. 7648-7658 South Phillips Avenue consists of 31 apartments, and 7933-7935 South Woodlawn Avenue consists 13 units. The properties are a mix of studios, one-bedroom and two-bedroom units. They are meticulously maintained and updated with newer kitchen and bathroom finishes, appliances, and wood flooring when turned over. The Woodlawn property is a one-minute walk to Metra’s 79th St train stop and Chicago Transit Authority’s (CTA) 9 bus stop. The Phillips property Is a ten-minute walk to Metra’s Windsor Park train stop and a six-minute walk to CTA’s 5, 75, and 95 bus stops. The South Shore neighborhood boasts many great features, including a variety of restaurants, entertainment, shopping centers and local small businesses. It is home to a pristine stretch of lakefront that includes multiple beaches, public parks and community gardens. Avalon park is a small neighborhood located directly adjacent to South Shore. It is comprised of primarily single family homes, offering residents a quiet dense suburban feel.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower