Investment Overview

Marcus & Millichap is pleased to present this twenty property portfolio located throughout the south and west sides of Chicago. The portfolio consists of (143) multifamily units with varying room counts: one, two, three, and four bedroom units, and (7) storefront commercial units. Two of the seven retail spaces, measuring 1,500 square feet total, are vacant creating opportunity for rental upside. Some of the other tenants occupying the storefront level include McFitness, JOJI Gyros and Clarity Fashion Beauty & Accessories. The total square footage for the retail is 8,612 square feet. Almost all of the multifamily units are collecting Section 8 rents, with only a few units collecting at the market rate. The units are in very good condition and have been well maintained throughout the current ownership. The total square footage of all the units is 132,550 square feet. Additionally, there is an on-site garage located at 8216-18 S. Ellis Avenue that collects additional income. Currently, there is an attractive assumable 10-year Fannie Mae loan that was originated on 2/1/2022. The terms of the loan are 3.30% interest rate, interest only for the first 5 years, amortized over 30 years. This is an opportunity for an investor to acquire a very well-maintained, stabilized, cash-flowing portfolio.