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Multifamily

6153 South Vernon Avenue

6153 S Vernon Ave, Chicago, IL 60637

Listing Price: $2,110,000

Cap Rate
7.28%
Number of Units
18
GRM
8.38
Price/Unit
$117,222
Price/Gross SF
$104.54
Gross SF
20,183

Investment Overview

Marcus & Millichap is pleased to present 6153 South Vernon Avenue, located in the Woodlawn neighborhood of Chicago, Illinois. The subject property consists of an excellent unit mix of studios, one, two and three-bedroom apartments. These spacious layouts feature rustic exposed brick walls, hardwood and tile flooring, stainless steel or black appliances, updated bathrooms, individual HVAC and covered balconies.
The property is located less than a mile from Hyde Park, University of Chicago and the U Chicago Medical Center. In addition to being just four blocks from one of the country’s most prestigious Universities, Woodlawn boasts a large volume of current and future development. Ongoing developments include The Obama Presidential Center and the Woodlawn Central Development Project, which will consist of 870 dwelling units, 215,000 square feet of office and retail, 154 hotel rooms, a theater, an energy facility and a vertical greenhouse all on 8 acres of land. This investment presents an opportunity to own a turnkey asset in a rapidly appreciating sub-market.

Investment Highlights

  • Prime Woodlawn Location
  • Just Four Blocks from Hyde Park and University of Chicago
  • 1.5 Miles from the Future Obama Presidential Center
  • Turn-Key Asset with Rental Upside
  • Individual HVAC
  • Favorable Unit Mix and Spacious Layouts

Exclusively Listed By

Financing By

Multifamily

6153 South Vernon Avenue

Listing Price: $2,110,000

Cap Rate
7.28%
Number of Units
18
GRM
8.38
Price/Unit
$117,222
Price/Gross SF
$104.54
Gross SF
20,183

Investment Highlights

  • Prime Woodlawn Location
  • Just Four Blocks from Hyde Park and University of Chicago
  • 1.5 Miles from the Future Obama Presidential Center
  • Turn-Key Asset with Rental Upside
  • Individual HVAC
  • Favorable Unit Mix and Spacious Layouts

Investment Overview

Marcus & Millichap is pleased to present 6153 South Vernon Avenue, located in the Woodlawn neighborhood of Chicago, Illinois. The subject property consists of an excellent unit mix of studios, one, two and three-bedroom apartments. These spacious layouts feature rustic exposed brick walls, hardwood and tile flooring, stainless steel or black appliances, updated bathrooms, individual HVAC and covered balconies. The property is located less than a mile from Hyde Park, University of Chicago and the U Chicago Medical Center. In addition to being just four blocks from one of the country’s most prestigious Universities, Woodlawn boasts a large volume of current and future development. Ongoing developments include The Obama Presidential Center and the Woodlawn Central Development Project, which will consist of 870 dwelling units, 215,000 square feet of office and retail, 154 hotel rooms, a theater, an energy facility and a vertical greenhouse all on 8 acres of land. This investment presents an opportunity to own a turnkey asset in a rapidly appreciating sub-market.

Exclusively Listed By

Financing By

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