Multifamily
South Chicagoland Portfolio
Riverdale, Chicago, IL 60615
Listing Price: $13,700,000
Investment Overview
Marcus & Millichap is pleased to present this rarely available investment opportunity, consisting of 13 multifamily buildings and a total of 194 units located in the neighborhoods of Washington Park, Riverdale, and Englewood.
This fully renovated portfolio offers a well-balanced unit mix, including 124 two-bedroom apartments, 62 one-bedroom apartments, one studio, and seven commercial spaces. Each building was completely overhauled in 2020 and features updated mechanical systems, tuckpointing, security, and cosmetic improvements throughout most units. Three of the properties located at 5450 S Indiana Ave (29 units), 6643 S Perry Ave (12 units), and 6731 S Perry Ave (15 units) have been further improved with individual furnaces and hot water heaters.
This investment offers highly attractive assumable debt at a 3.488% interest rate, with an outstanding loan balance of $8,935,974 as of December 2024, and Six years of term remaining. High occupancy, 88% subsidized tenants, and excellent in-place financing, present a stable income stream with exceptional cash-on-cash returns.
South Chicagoland Portfolio
Investment Highlights
- Assumable Debt: 3.488% IR, 65% LTV, and six years of term remaining
- Updated mechanical systems, tuckpointing, security, and unit finishes
- Well-balanced unit mix of two-bedrooms, one-bedrooms, studios, and commercial spaces
- Largely subsidized rent roll with 93% in-place occupancy
Exclusively Listed By
Financing By
Listing Price: $13,700,000
Investment Highlights
- Assumable Debt: 3.488% IR, 65% LTV, and six years of term remaining
- Updated mechanical systems, tuckpointing, security, and unit finishes
- Well-balanced unit mix of two-bedrooms, one-bedrooms, studios, and commercial spaces
- Largely subsidized rent roll with 93% in-place occupancy
Investment Overview
Marcus & Millichap is pleased to present this rarely available investment opportunity, consisting of 13 multifamily buildings and a total of 194 units located in the neighborhoods of Washington Park, Riverdale, and Englewood. This fully renovated portfolio offers a well-balanced unit mix, including 124 two-bedroom apartments, 62 one-bedroom apartments, one studio, and seven commercial spaces. Each building was completely overhauled in 2020 and features updated mechanical systems, tuckpointing, security, and cosmetic improvements throughout most units. Three of the properties located at 5450 S Indiana Ave (29 units), 6643 S Perry Ave (12 units), and 6731 S Perry Ave (15 units) have been further improved with individual furnaces and hot water heaters. This investment offers highly attractive assumable debt at a 3.488% interest rate, with an outstanding loan balance of $8,935,974 as of December 2024, and Six years of term remaining. High occupancy, 88% subsidized tenants, and excellent in-place financing, present a stable income stream with exceptional cash-on-cash returns.
Exclusively Listed By
Financing By
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