Investment Overview

Marcus & Millichap is pleased to present 3548 W 15th St, a 20-unit multifamily investment opportunity located in the heart of the North Lawndale neighborhood. The property is comprised of thirteen two-bedroom/one-bathroom apartments and seven one-bedroom/one-bathroom apartments, offering a diverse range of rental options. Current ownership has invested more than $400,000 into renovating units and improving mechanical systems. With in-place rents significantly below market, investors have a clear opportunity to increase annual gross revenue by over $66,000 by aligning rents with market rates. Located just five miles from The Loop, the property offers tenants convenient access to downtown Chicago via public transit and major highways. The area is home to several major employers, including the Illinois Medical District, Mount Sinai Hospital, Cinespace Chicago Film Studios, and a variety of logistics and manufacturing companies. This strong employment presence further supports consistent tenant demand and long-term rent growth potential. This exceptional investment is being offered at a 9.30 percent in-place cap rate, delivering over 15 percent cash-on-cash returns from day one. With additional rent increases and operational efficiencies, the property is well-positioned for long-term appreciation and sustained income growth.