Investment Overview

Marcus & Millichap is pleased to present this two building, 31-unit portfolio in the Chicago Lawn neighborhood of Chicago. The buildings are situated directly across the street from one another and consist of Studios, One-Bedroom, and Two-Bedroom apartments. There are four, large One-Bedroom apartments that have the potential to be converted to Two-Bedroom apartments. All units have been meticulously maintained and feature varying levels of updates. Finishes include either hardwood or vinyl flooring, oak kitchen cabinets, white or black appliances, and newer bathroom vanities. All porches are enclosed and in excellent condition. The properties are ideally situated along a quiet residential street made up of predominantly single-family homes. However, just one block away along Kedzie avenue, tenants will find a wide array of national retailers, restaurants, and grocery stores. There are numerous modes of transportation all located less than 2.5 miles away, including Midway International Airport (2.4m), the Western Avenue CTA Orange Line (2.1m), and three different CTA bus routes (<1m). The Sacramento Portfolio presents an investor with the opportunity to acquire two well maintained, cash-flowing assets with significant upside potential via rental increases. The subject properties, located directly side by side are a three-minute walk to Chicago Transit Authority’s (CTA) 59 bus stop and a five-minute walk to CTA’s 52 and 52A bus stops. The properties are located on a quiet street but within a short walk of Kedzie Avenue which is lined with national retailers and grocery stores. This opportunity is also within a short drive of Midway International Airport, several colleges, Ford City Mall, along with Metra and Amtrak train stops.