Multifamily

7615 S Saginaw Ave

7615 S Saginaw Ave, Chicago, IL 60649

Listing Price: $375,000

Cap Rate
7.93%
Number of Units
6
GRM
6.51
Occupancy
92.00%
Price/Unit
$62,500
Price/Gross SF
$78.12
Gross SF
4,800

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity in the South Shore neighborhood of Chicago, Illinois. The subject property of 7615 South Saginaw Avenue is located 11.1 miles south of Chicago's downtown loop area, 0.4 miles west of Rainbow Beach, 0.1 miles south of the Metra Electric Windsor Park train station, and 0.1 miles south of the CTA's 75th Street and Colfax bus 5,75, and 95 stops. The unit mix for the subject property consists of six three-bedroom/one-bathroom units that measure 800 square feet each.

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.

Investment Highlights

  • South Shore Neighborhood
  • Walking Distance to CTA and Metra Transportation
  • Rental Upside
  • Walking Distance to Lake Michigan

Exclusively Listed By

Listing Price: $375,000

Cap Rate
7.93%
Number of Units
6
GRM
6.51
Occupancy
92.00%
Price/Unit
$62,500
Price/Gross SF
$78.12
Gross SF
4,800

Investment Highlights

  • South Shore Neighborhood
  • Walking Distance to CTA and Metra Transportation
  • Rental Upside
  • Walking Distance to Lake Michigan

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity in the South Shore neighborhood of Chicago, Illinois. The subject property of 7615 South Saginaw Avenue is located 11.1 miles south of Chicago's downtown loop area, 0.4 miles west of Rainbow Beach, 0.1 miles south of the Metra Electric Windsor Park train station, and 0.1 miles south of the CTA's 75th Street and Colfax bus 5,75, and 95 stops. The unit mix for the subject property consists of six three-bedroom/one-bathroom units that measure 800 square feet each.

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.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower