Investment Overview

Marcus & Millichap is pleased to present this exceptional multifamily opportunity in the charming South Shore neighborhood of Chicago, Illinois. This property is ideally located along a quiet tree-lined street just four blocks from Lake Michigan. The asset consists of six extremely large two-bedroom apartments that all have the potential to be converted into three-bedroom apartments. Each of them features a living room, formal dining room, large kitchen with pantry, front sunroom, rear office/third bedroom, and a spacious bathroom. The convenience of on-site laundry facilities and six detached garages further enhances the appeal. In recent years, the South Shore neighborhood has witnessed a remarkable surge in demand, attracting the interest of developers, investors, and renters alike. The area’s property values have soared thanks to its proximity to Lake Michigan, Hyde Park, The University of Chicago, the Obama Presidential Library, and numerous other attractions. There are also multiple CTA bus routes and Metra train stops located throughout the neighborhood, making for an easy commute to and from downtown Chicago.