Investment Overview

Marcus & Millichap is pleased to present 7600 S South Shore, a 39-unit courtyard, multifamily investment opportunity located in a prime area of Chicago’s South Shore neighborhood. The property is comprised of one-bedroom and two-bedroom apartments, offering a diverse unit mix. This investment is being offered at a 9.57% stabilized cap rate, delivering 16.54% stabilized cash-on-cash return. With rent increases and operational improvements, the property is well-positioned for long-term appreciation and sustained income growth. Investors have a clear path to exceptional returns through effective management, leasing, and minor renovations. With 12 current vacancies requiring light renovations, the asset presents a unique opportunity for a new investor to complete these upgrades and lease the units at market rents. The property offers tenants easy access to downtown Chicago through public transit and major highways. It is conveniently located near the University of Chicago, Rainbow Beach, the future Obama Presidential Library, and the Woodlawn Central Development Project. Additionally, the area is home to key employers, including the Illinois Medical District and various logistics and manufacturing companies, which drive consistent tenant demand and long-term rent growth potential.