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Multifamily

900 S Bishop St

900 S Bishop St, Chicago, IL 60607

Listing Price: $800,000

Cap Rate
4.71%
Number of Units
3
Occupancy
99.0%
Price/Unit
$266,667
Price/Gross SF
$158.38
Gross SF
5,051

Investment Overview

Marcus & Millichap is pleased to present 900 South Bishop located in the Little Italy neighborhood of Chicago. The subject property is a two-story walk-up on a quiet tree lined cul-de-sac street. Each of the three units is a 2-bedroom 2-bath apartment. Residents have a short three minute walk to the Chicago Transit Authority's (CTA's) number 157 bus stop at the corner of Laflin and Taylor. The 157 bus provides a short ride to the medical district where riders can connect with the CTA's "pink" line for access to Chicago's downtown business district. Located just west of downtown Chicago, Little Italy borders the Medical District making it a popular rental location for healthcare professionals. Additionally, Little Italy is home to University of Illinois at Chicago. A short walk through Piazza DiMaggio and residents have access to a bevy of restaurants, cafes, and bars lining West Taylor Street.

Investment Highlights

  • Quiet cul-de-sac
  • Short walk to Chicago's Medical District
  • Healthcare employees as well as university faculty, staff, and students provide an ample rental base

Exclusively Listed By

Financing By

Listing Price: $800,000

Cap Rate
4.71%
Number of Units
3
Occupancy
99.0%
Price/Unit
$266,667
Price/Gross SF
$158.38
Gross SF
5,051

Investment Highlights

  • Quiet cul-de-sac
  • Short walk to Chicago's Medical District
  • Healthcare employees as well as university faculty, staff, and students provide an ample rental base

Investment Overview

Marcus & Millichap is pleased to present 900 South Bishop located in the Little Italy neighborhood of Chicago. The subject property is a two-story walk-up on a quiet tree lined cul-de-sac street. Each of the three units is a 2-bedroom 2-bath apartment. Residents have a short three minute walk to the Chicago Transit Authority's (CTA's) number 157 bus stop at the corner of Laflin and Taylor. The 157 bus provides a short ride to the medical district where riders can connect with the CTA's "pink" line for access to Chicago's downtown business district. Located just west of downtown Chicago, Little Italy borders the Medical District making it a popular rental location for healthcare professionals. Additionally, Little Italy is home to University of Illinois at Chicago. A short walk through Piazza DiMaggio and residents have access to a bevy of restaurants, cafes, and bars lining West Taylor Street.

Exclusively Listed By

Financing By

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