Investment Overview

Marcus & Millichap is pleased to present this multifamily portfolio opportunity in the South Shore neighborhood of Chicago, Illinois. These properties are located within a mile of each other, both within close proximity of Metra train stops and major retailers. South Bennett consists of three one-bedroom units and 25 two-bedroom units with hardwood floors throughout, stainless steel appliances and granite countertops in the kitchen. South Yates is a courtyard building consisting of 18 one-bedroom units and six two-bedroom units. The kitchens have been updated with stainless steel appliances. The bathrooms in both buildings have been updated, and are very clean and well-maintained apartments. These apartments feature ample natural light and closet storage space for tenants. There is parking on site and these properties have more yard space for tenants than average for Chicago living. 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.