Multifamily
6501 South Maplewood Avenue
6501 S Maplewood Ave, Chicago, IL 60629
Listing Price: $920,000
Investment Overview
Marcus & Millichap is pleased to present 6501 South Maplewood Avenue in the Marquette Park neighborhood of Chicago, IL. The property consists of 11 apartments. The exact unit mix is Six One-Bedroom/One-Bath, Three Two-Bedroom/One-Bath, and Two Three-Bedroom/One-Bath. There are Three vacancies, these units are under renovation and are set to be finished shortly. This will effectively provide an investor with a stabilized asset featuring Six subsidized tenants, with additional value to be added through the remaining Three, unrenovated units. The property features a Two-car garage and a new boiler, installed in 2022. 6501 South Maplewood Avenue sits in the Chicago Lawn neighborhood of Chicago, just 15 minutes from Chicago's Midway International Airport and Two blocks South of 63rd Street, the main retail corridor through Marquette Park. The property sits about a mile and a half to the nearest green line station at Ashland & 63rd, and is in very close proximity to multiple CTA bus stops.
6501 South Maplewood Avenue
Investment Highlights
- Favorable Unit Mix Features Six One-Bed/One-Bath, Three Two-Bed/Two-Bath, and Two Three-Bed/One-Bath Units
- Major CapEx Improvements Include Seven Full Unit Renovations and a Brand New Boiler in 2022
- Four Units Have Opportunity for Upside Through Rent Growth and Renovations
- Fifty-Five Percent CHA and All Chicago Rents
Exclusively Listed By
Listing Price: $920,000
Investment Highlights
- Favorable Unit Mix Features Six One-Bed/One-Bath, Three Two-Bed/Two-Bath, and Two Three-Bed/One-Bath Units
- Major CapEx Improvements Include Seven Full Unit Renovations and a Brand New Boiler in 2022
- Four Units Have Opportunity for Upside Through Rent Growth and Renovations
- Fifty-Five Percent CHA and All Chicago Rents
Investment Overview
Marcus & Millichap is pleased to present 6501 South Maplewood Avenue in the Marquette Park neighborhood of Chicago, IL. The property consists of 11 apartments. The exact unit mix is Six One-Bedroom/One-Bath, Three Two-Bedroom/One-Bath, and Two Three-Bedroom/One-Bath. There are Three vacancies, these units are under renovation and are set to be finished shortly. This will effectively provide an investor with a stabilized asset featuring Six subsidized tenants, with additional value to be added through the remaining Three, unrenovated units. The property features a Two-car garage and a new boiler, installed in 2022. 6501 South Maplewood Avenue sits in the Chicago Lawn neighborhood of Chicago, just 15 minutes from Chicago's Midway International Airport and Two blocks South of 63rd Street, the main retail corridor through Marquette Park. The property sits about a mile and a half to the nearest green line station at Ashland & 63rd, and is in very close proximity to multiple CTA bus stops.
Exclusively Listed By
