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Multifamily

3100 W Lexington St

3100 W Lexington St, Chicago, IL 60612

Listing Price: $925,000

Cap Rate
8.05%
Number of Units
7
Price/Unit
$132,143
Price/Gross SF
$152.26
Gross SF
6,075

Investment Overview

Marcus & Millichap is pleased to present this Offering Memorandum for 3100 W Lexington St in the East Garfield Park neighborhood of Chicago, IL. The subject property is comprised of six multifamily units with significant interior renovations and one unfinished unit. The exact unit mix is three Two Bed/One Bath, two Three Bed/One Bath, one Three Bed/Two Bath, one Four Bed/One Bath. All seven units are guaranteed by Section 8 housing vouchers. The subject property is located at the corner of S Albany Ave and W Lexington St in a primarily multifamily block. Within a 10-Minute walk are the CTA Kedzie-Homan Blue Line Station, and the Harrison & Albany and Kedzie & Lexington Bus Stations. Additionally, inbound and outbound access to the Dwight D. Eisenhower (I-290) Expressway is at a five-minute drive. The neighborhood of East Garfield Park takes its name after the large 18-acre urban park on the West Side of Chicago. Garfield Park is on the National Register of Historic Places, and is known for bringing people to the area. Garfield Park is also home to numerous galleries and artist studio spaces that are easily accessible by car, bus, or the CTA’s Blue or Green Line.

Investment Highlights

  • Seven-Unit Multifamily Offering With Great Unit Mix
  • East Garfield Park Location - Within a 10-Minute Walk to the CTA Kedzie-Homan Blue Line Station, Harrison & Albany and Kedzie & Lexington Bus Stations
  • Five-Minute Drive to the Dwight D. Eisenhower (I-290) Expressway
  • All Units Are Guaranteed by Section 8 Housing Vouchers

Exclusively Listed By

Listing Price: $925,000

Cap Rate
8.05%
Number of Units
7
Price/Unit
$132,143
Price/Gross SF
$152.26
Gross SF
6,075

Investment Highlights

  • Seven-Unit Multifamily Offering With Great Unit Mix
  • East Garfield Park Location - Within a 10-Minute Walk to the CTA Kedzie-Homan Blue Line Station, Harrison & Albany and Kedzie & Lexington Bus Stations
  • Five-Minute Drive to the Dwight D. Eisenhower (I-290) Expressway
  • All Units Are Guaranteed by Section 8 Housing Vouchers

Investment Overview

Marcus & Millichap is pleased to present this Offering Memorandum for 3100 W Lexington St in the East Garfield Park neighborhood of Chicago, IL. The subject property is comprised of six multifamily units with significant interior renovations and one unfinished unit. The exact unit mix is three Two Bed/One Bath, two Three Bed/One Bath, one Three Bed/Two Bath, one Four Bed/One Bath. All seven units are guaranteed by Section 8 housing vouchers. The subject property is located at the corner of S Albany Ave and W Lexington St in a primarily multifamily block. Within a 10-Minute walk are the CTA Kedzie-Homan Blue Line Station, and the Harrison & Albany and Kedzie & Lexington Bus Stations. Additionally, inbound and outbound access to the Dwight D. Eisenhower (I-290) Expressway is at a five-minute drive. The neighborhood of East Garfield Park takes its name after the large 18-acre urban park on the West Side of Chicago. Garfield Park is on the National Register of Historic Places, and is known for bringing people to the area. Garfield Park is also home to numerous galleries and artist studio spaces that are easily accessible by car, bus, or the CTA’s Blue or Green Line.

Exclusively Listed By

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