Multifamily

7704 S Emerald Ave

7704 S Emerald Ave, Chicago, IL 60620

Listing Price: $725,000

Cap Rate
10.20%
Number of Units
13
GRM
5.62
Occupancy
92.00%
Price/Unit
$55,769
Price/Gross SF
$79.67
Gross SF
9,100

Investment Overview

Marcus & Millichap is pleased to present this multi-family real estate opportunity in the Auburn Gresham neighborhood of Chicago. The subject property of 7704 South Emerald Avenue is located 10.9 miles south of Chicago's downtown loop area, 1.1 miles west of the CTA's 79th Street Red Line train station, 1 mile west of the Dan Ryan Expressway, and 500 feet from the CTA's Halsted & 77th Street bus 8 stop. The unit mix for the subject property consists of thirteen one-bedroom one-bathroom units that measure 700 square feet respectively.

The neighborhood of Auburn Gresham is home to just over 45,000 permanent residents and is located in Chicago's far southwest side of the city. The neighborhood is serviced by two Rock Island Metra train stations as well as a variety of CTA bus stops. Ashland Avenue and Halsted Street serve as the neighborhoods major retail corridors, featuring a wide range of many national and local tenants. The subject property is located one block east of Halsted Street, giving residents quick access to the major retail corridor.

An investor can take full advantage of this real estate opportunity by capitalizing on the ability to raise currents rents and cash flow the property.

Investment Highlights

  • Auburn Gresham Neighborhood
  • Recent Capital Improvements
  • Close to Public Transportation
  • Walking Distance to Retail Corridor
  • Very Well Maintained Building

Exclusively Listed By

Listing Price: $725,000

Cap Rate
10.20%
Number of Units
13
GRM
5.62
Occupancy
92.00%
Price/Unit
$55,769
Price/Gross SF
$79.67
Gross SF
9,100

Investment Highlights

  • Auburn Gresham Neighborhood
  • Recent Capital Improvements
  • Close to Public Transportation
  • Walking Distance to Retail Corridor
  • Very Well Maintained Building

Investment Overview

Marcus & Millichap is pleased to present this multi-family real estate opportunity in the Auburn Gresham neighborhood of Chicago. The subject property of 7704 South Emerald Avenue is located 10.9 miles south of Chicago's downtown loop area, 1.1 miles west of the CTA's 79th Street Red Line train station, 1 mile west of the Dan Ryan Expressway, and 500 feet from the CTA's Halsted & 77th Street bus 8 stop. The unit mix for the subject property consists of thirteen one-bedroom one-bathroom units that measure 700 square feet respectively.

The neighborhood of Auburn Gresham is home to just over 45,000 permanent residents and is located in Chicago's far southwest side of the city. The neighborhood is serviced by two Rock Island Metra train stations as well as a variety of CTA bus stops. Ashland Avenue and Halsted Street serve as the neighborhoods major retail corridors, featuring a wide range of many national and local tenants. The subject property is located one block east of Halsted Street, giving residents quick access to the major retail corridor.

An investor can take full advantage of this real estate opportunity by capitalizing on the ability to raise currents rents and cash flow the property.

Exclusively Listed By

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