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Multifamily

3201 S Archer Ave

3201 S Archer Ave, Chicago, IL 60608

Listing Price: $595,000

Cap Rate
11.10%
Number of Units
21
Occupancy
92.0%
Price/Unit
$28,333
Price/Gross SF
$91.54
Gross SF
6,500

Investment Overview

Marcus & Millichap is pleased to present this single room occupancy (SRO) real estate opportunity in the Bridgeport neighborhood of Chicago. The subject property of 3201 South Archer Avenue is located 4.7 miles south of Chicago's downtown loop area, 0.5 miles southeast of the I-55 Stevenson Expressway, 0.4 miles south of the CTA's Ashland Avenue Orange Line train station, and 0.2 miles southwest of the CTA's Archer & Ashland Avenue bus 9, 31, & 62 stops. The unit mix for the subject property consists of twenty-one single occupancy rooms that measure 300 square feet respectively. Located on Chicago's South Side, Bridgeport is a historic neighborhood with a rapidly increasing artistic movement and indie atmosphere. Living in Bridgeport offers residents an urban suburban mix feel and most residents rent their homes. Home of the Chicago White Sox, Bridgeport is also renowned for its prominent role in shaping city politics and is the birthplace of five Chicago mayors. Bridgeport was once an industrial area, and is now evolving into a green community with beautiful treelined streets and parks. An investor can take full advantage of this real estate opportunity by capitalizing on the ability to cash flow this asset plus the ability to raise current rents

Investment Highlights

  • Bridgeport Neighborhood
  • Walking Distance to CTA Transportation
  • SRO Investment With High Annual Return
  • Walking Distance to Major Retail Shopping Center

Exclusively Listed By

Financing By

Multifamily

3201 S Archer Ave

Listing Price: $595,000

Cap Rate
11.10%
Number of Units
21
Occupancy
92.0%
Price/Unit
$28,333
Price/Gross SF
$91.54
Gross SF
6,500

Investment Highlights

  • Bridgeport Neighborhood
  • Walking Distance to CTA Transportation
  • SRO Investment With High Annual Return
  • Walking Distance to Major Retail Shopping Center

Investment Overview

Marcus & Millichap is pleased to present this single room occupancy (SRO) real estate opportunity in the Bridgeport neighborhood of Chicago. The subject property of 3201 South Archer Avenue is located 4.7 miles south of Chicago's downtown loop area, 0.5 miles southeast of the I-55 Stevenson Expressway, 0.4 miles south of the CTA's Ashland Avenue Orange Line train station, and 0.2 miles southwest of the CTA's Archer & Ashland Avenue bus 9, 31, & 62 stops. The unit mix for the subject property consists of twenty-one single occupancy rooms that measure 300 square feet respectively. Located on Chicago's South Side, Bridgeport is a historic neighborhood with a rapidly increasing artistic movement and indie atmosphere. Living in Bridgeport offers residents an urban suburban mix feel and most residents rent their homes. Home of the Chicago White Sox, Bridgeport is also renowned for its prominent role in shaping city politics and is the birthplace of five Chicago mayors. Bridgeport was once an industrial area, and is now evolving into a green community with beautiful treelined streets and parks. An investor can take full advantage of this real estate opportunity by capitalizing on the ability to cash flow this asset plus the ability to raise current rents

Exclusively Listed By

Financing By

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