Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity located in the South Shore neighborhood of Chicago, Illinois. The subject property consists of a mix of studios, one-bedroom and two-bedroom units totaling 31 apartments. Current ownership has self-managed the property for nearly 20 years and keeps the building in excellent condition. Some units include newer kitchen cabinets, bathroom vanities, and hardwood flooring, while others remain in more vintage condition, depending on the most recent unit turnover. The asset is ideally located within blocks of Lake Michigan, numerous restaurants and stores, and multiple transit routes. It is just ten-minute walk to Metra’s Windsor Park train stop and a six-minute walk to CTA’s 5, 75, and 95 bus stops. Over the last few years, the booming South Shore neighborhood has been in high demand for developers, investors, and renters alike. The area has experienced rapid appreciation due to its proximity to Lake Michigan, Hyde Park, The University of Chicago, the Obama Presidential Library and countless other attractions. There are also numerous CTA bus routes and Metra stops located throughout the neighborhood, making for easy an easy commute to and from downtown Chicago.