Multifamily
Ellis Avenue Portfolio
7945 S Ellis Ave, Chicago, IL 60619
Listing Price: $1,800,000
Investment Overview
The offering consists of 21 multifamily units across two well maintained buildings in Chicago’s Chatham neighborhood. The properties feature a balanced mix of spacious one-, two-, and three-bedroom apartments. 7945 and 7957 S. Ellis provide investors the opportunity to acquire two well-located, cash-flowing South Side multifamily assets with significant value-add potential. Strong in-place returns, achievable rent premiums, and a favorable entry basis position the property for immediate and long-term upside in a market benefiting from stable tenant demand and strong rent growth.
LOCATION ADVANTAGE
Chatham is a stable, commuter-friendly neighborhood with access to multiple CTA bus routes and the Metra Electric Line. Its proximity to retail corridors along 79th Street and Cottage Grove Avenue, as well as neighborhood anchors such as Chicago State University and Jackson Park, makes it an appealing location for tenants seeking both affordability and connectivity.
Ellis Avenue Portfolio
Investment Highlights
- VALUE-ADD POTENTIAL: With Current Average Rents Well Below Comparable Properties, New Ownership can Capture an Additional $60,000 Plus in Revenue by Raising Rents to Market Levels.
- ATTRACTIVE ENTRY BASIS: In-Place 9.06 Percent Cap Rate with a 13.50 Percent Cash-on-Cash Return from Day One.
- PRIME LOCATION: Situated in the Heart of Chatham, a Neighborhood Experiencing Strong Rent Growth and Steady Appreciation.
Exclusively Listed By
Listing Price: $1,800,000
Investment Highlights
- VALUE-ADD POTENTIAL: With Current Average Rents Well Below Comparable Properties, New Ownership can Capture an Additional $60,000 Plus in Revenue by Raising Rents to Market Levels.
- ATTRACTIVE ENTRY BASIS: In-Place 9.06 Percent Cap Rate with a 13.50 Percent Cash-on-Cash Return from Day One.
- PRIME LOCATION: Situated in the Heart of Chatham, a Neighborhood Experiencing Strong Rent Growth and Steady Appreciation.
Investment Overview
The offering consists of 21 multifamily units across two well maintained buildings in Chicago’s Chatham neighborhood. The properties feature a balanced mix of spacious one-, two-, and three-bedroom apartments. 7945 and 7957 S. Ellis provide investors the opportunity to acquire two well-located, cash-flowing South Side multifamily assets with significant value-add potential. Strong in-place returns, achievable rent premiums, and a favorable entry basis position the property for immediate and long-term upside in a market benefiting from stable tenant demand and strong rent growth. LOCATION ADVANTAGE Chatham is a stable, commuter-friendly neighborhood with access to multiple CTA bus routes and the Metra Electric Line. Its proximity to retail corridors along 79th Street and Cottage Grove Avenue, as well as neighborhood anchors such as Chicago State University and Jackson Park, makes it an appealing location for tenants seeking both affordability and connectivity.
Exclusively Listed By
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