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Multifamily

Bridgeport & McKinley Park Portfolio

3800 S Wallace St, Chicago, IL 60609

Listing Price: $2,325,000

Cap Rate
6.04%
Number of Units
18
Occupancy
96.0%
Price/Unit
$129,167
Price/Gross SF
$159.25
Gross SF
14,600

Investment Overview

Marcus & Millichap is pleased to present this portfolio opportunity, located in the Bridgeport neighborhood of Chicago, Illinois. Consisting of two buildings totalling 12 units, 3632 South Parnell Avenue consists of two one-bedroom/one-bath and two two-bedroom/one-bath units, and 3800 South Wallace Street consists of one one-bedroom/one-bath and seven two-bedroom/one-bath units. The apartments have been renovated as turned-over. Many of the portfolio’s units have been upgraded with stainless steel or newer appliances, hardwood floors, granite countertops, and new bathroom vanities. Bridgeport is being reinvented as a happening, trendy entertainment and arts destination. Home of the White Sox, Chicagoans are drawn to the area for a vast variety of activities including boutique shops, art gallery openings and man-made parks and catwalks that connect the neighborhood. The area has an abundance of eateries including bakeries, independent coffee companies, breweries, and farm-to-table restaurants.

Investment Highlights

  • Excellent Multifamily Portfolio Opportunity in Bridgeport
  • Three Buildings, 18 Units
  • Renovated Units
  • Excellent Location Near Retailers and Numerous Modes of Public Transportation

Exclusively Listed By

Multifamily

Bridgeport & McKinley Park Portfolio

Listing Price: $2,325,000

Cap Rate
6.04%
Number of Units
18
Occupancy
96.0%
Price/Unit
$129,167
Price/Gross SF
$159.25
Gross SF
14,600

Investment Highlights

  • Excellent Multifamily Portfolio Opportunity in Bridgeport
  • Three Buildings, 18 Units
  • Renovated Units
  • Excellent Location Near Retailers and Numerous Modes of Public Transportation

Investment Overview

Marcus & Millichap is pleased to present this portfolio opportunity, located in the Bridgeport neighborhood of Chicago, Illinois. Consisting of two buildings totalling 12 units, 3632 South Parnell Avenue consists of two one-bedroom/one-bath and two two-bedroom/one-bath units, and 3800 South Wallace Street consists of one one-bedroom/one-bath and seven two-bedroom/one-bath units. The apartments have been renovated as turned-over. Many of the portfolio’s units have been upgraded with stainless steel or newer appliances, hardwood floors, granite countertops, and new bathroom vanities. Bridgeport is being reinvented as a happening, trendy entertainment and arts destination. Home of the White Sox, Chicagoans are drawn to the area for a vast variety of activities including boutique shops, art gallery openings and man-made parks and catwalks that connect the neighborhood. The area has an abundance of eateries including bakeries, independent coffee companies, breweries, and farm-to-table restaurants.

Exclusively Listed By

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