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Multifamily

3227 S Aberdeen Street

3227 S Aberdeen St, Chicago, IL 60608

Listing Price: $1,600,000

Cap Rate
6.46%
Number of Units
10
GRM
10.38
Occupancy
96.0%
Price/Unit
$160,000
Price/Gross SF
$158.42
Gross SF
10,100

Investment Overview

Marcus & Millichap is proud to present this multifamily opportunity in the Bridgeport neighborhood of Chicago, Illinois. The subject property consists of three one-bed/one-bath, five two-bed/one-bath, one three-bed/one-bath, and one two and a half-bed/one-bath units. Additionally, there is one garage space for use. There have been substantial renovations and modernization to all units of the property. Features include hardwood flooring, stainless steel appliances, remodeled bathrooms, and new copper plumbing in the basement. The subject property is located on the corner of South Aberdeen Street and West 32nd Place and is also in close distance to various local restaurants and art galleries.

Investment Highlights

  • Value-Add Unit Near Completion
  • Limited New Supply
  • 99% Collections During Covid-19
  • Significant Discount to Replacement Cost
  • Large Units for the Neighborhood

Exclusively Listed By

Financing By

Listing Price: $1,600,000

Cap Rate
6.46%
Number of Units
10
GRM
10.38
Occupancy
96.0%
Price/Unit
$160,000
Price/Gross SF
$158.42
Gross SF
10,100

Investment Highlights

  • Value-Add Unit Near Completion
  • Limited New Supply
  • 99% Collections During Covid-19
  • Significant Discount to Replacement Cost
  • Large Units for the Neighborhood

Investment Overview

Marcus & Millichap is proud to present this multifamily opportunity in the Bridgeport neighborhood of Chicago, Illinois. The subject property consists of three one-bed/one-bath, five two-bed/one-bath, one three-bed/one-bath, and one two and a half-bed/one-bath units. Additionally, there is one garage space for use. There have been substantial renovations and modernization to all units of the property. Features include hardwood flooring, stainless steel appliances, remodeled bathrooms, and new copper plumbing in the basement. The subject property is located on the corner of South Aberdeen Street and West 32nd Place and is also in close distance to various local restaurants and art galleries.

Exclusively Listed By

Financing By

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