Multifamily

7357 S Blackstone Ave

7357 S Blackstone Ave, Chicago, IL 60619

Listing Price: $825,000

Cap Rate
8.63%
Number of Units
12
GRM
6.68
Occupancy
92.00%
Price/Unit
$68,750
Price/Gross SF
$105.77
Gross SF
7,800

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate investment opportunity in the South Shore neighborhood of Chicago. The subject property of 7357 South Blackstone Avenue is located 10.8 miles south of Chicago's downtown loop area, 0.9 miles east of the I-90 Chicago Skyway, 0.5 miles south of the Stony Island Metra Electric train station, and 500 feet west of the CTA's Stony Island & 74th Street bus 28 stop. The unit mix for the subject property consists of 12 one-bedroom/one-bathroom units that all measure 650 square feet respectively.

Chicago's South Shore neighborhood is a historically vibrant community that will be rejuvenated by the $500 million Barack Obama presidential library and museum being built on its northern edge in Jackson Park. The neighborhood is nearby major institutions and attractions, including the Museum of Science and Industry, the University of Chicago, and the lakefront. The subject property is within walking distance to the Chicago Cultural Center, Jackson Park Golf Course, and Rainbow Beach Park.

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

Investment Highlights

  • South Shore Neighborhood
  • Walking Distance to Major Retail Corridor
  • Very Well Maintained Building
  • Close to Public Transportation
  • On-Site Laundry
  • Fully Occupied Property

Exclusively Listed By

Listing Price: $825,000

Cap Rate
8.63%
Number of Units
12
GRM
6.68
Occupancy
92.00%
Price/Unit
$68,750
Price/Gross SF
$105.77
Gross SF
7,800

Investment Highlights

  • South Shore Neighborhood
  • Walking Distance to Major Retail Corridor
  • Very Well Maintained Building
  • Close to Public Transportation
  • On-Site Laundry
  • Fully Occupied Property

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate investment opportunity in the South Shore neighborhood of Chicago. The subject property of 7357 South Blackstone Avenue is located 10.8 miles south of Chicago's downtown loop area, 0.9 miles east of the I-90 Chicago Skyway, 0.5 miles south of the Stony Island Metra Electric train station, and 500 feet west of the CTA's Stony Island & 74th Street bus 28 stop. The unit mix for the subject property consists of 12 one-bedroom/one-bathroom units that all measure 650 square feet respectively.

Chicago's South Shore neighborhood is a historically vibrant community that will be rejuvenated by the $500 million Barack Obama presidential library and museum being built on its northern edge in Jackson Park. The neighborhood is nearby major institutions and attractions, including the Museum of Science and Industry, the University of Chicago, and the lakefront. The subject property is within walking distance to the Chicago Cultural Center, Jackson Park Golf Course, and Rainbow Beach Park.

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

Exclusively Listed By

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