Multifamily
Southside Five Portfolio
South Shore, Chicago, IL 60649
Listing Price: $15,250,000
Investment Overview
Marcus & Millichap is pleased to present this rarely available investment opportunity, consisting of Five multifamily buildings and a total of 155 units located in the neighborhoods of South Shore, East Chatham, Auburn Park and Chicago Lawn.
This fully renovated portfolio offers a well-balanced unit mix, including 47 one-bedroom apartments, 88 two-bedroom, nine three-bedroom apartments, seven four-bedroom apartments, and four commercial spaces.
Southside Five Portfolio
Investment Highlights
- Assumable Debt: 3.595% IR, 66% LTV,, $10,017,900 balance, IO until September 2026, matures September 2031
- Well-balanced unit mix of one, two, three and four-bedroom apartments and commercial spaces
- Largely subsidized rent roll with 92% in-place occupancy
Exclusively Listed By
Listing Price: $15,250,000
Investment Highlights
- Assumable Debt: 3.595% IR, 66% LTV,, $10,017,900 balance, IO until September 2026, matures September 2031
- Well-balanced unit mix of one, two, three and four-bedroom apartments and commercial spaces
- Largely subsidized rent roll with 92% in-place occupancy
Investment Overview
Marcus & Millichap is pleased to present this rarely available investment opportunity, consisting of Five multifamily buildings and a total of 155 units located in the neighborhoods of South Shore, East Chatham, Auburn Park and Chicago Lawn. This fully renovated portfolio offers a well-balanced unit mix, including 47 one-bedroom apartments, 88 two-bedroom, nine three-bedroom apartments, seven four-bedroom apartments, and four commercial spaces.
Exclusively Listed By
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