Skip to main content

Multifamily

6820 S Perry Ave

6820 S Perry Ave, Chicago, IL 60621

Listing Price: $1,450,000

Cap Rate
7.30%
Number of Units
19
Occupancy
90.0%
Price/Unit
$76,316
Price/Gross SF
$69.05
Gross SF
21,000

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity in the Greater Grand Crossing neighborhood of Chicago. The subject property of 6820 South Perry Avenue is located 9.3 miles south of the Chicago Loop, 0.3 miles west of the Chicago Transit Authority's (CTA) 69th Street Red Line train station, 0.3 miles west of the I-94 Expressway, and 0.1 miles north of the CTA's 24, 67, and 167 bus stops. The unit mix for the subject property consists of nineteen two-bedroom, one-bathroom units that measure 1,000 square feet, respectively. Named for its proximity to a historic railroad intersection, Greater Grand Crossing is a community made up of small pocket neighborhoods on Chicago’s South Side. Since the community’s inception at the turn of the 20th century, bungalow-style homes have been a mainstay. But a recent renewal in the area has seen an uptick in renovated multi-unit buildings, as well as updated single-family homes. An investor can take full advantage of this real estate opportunity by capitalizing on the ability to raise current rents and cash flow the property.

Investment Highlights

  • Greater Grand Crossing Neighborhood
  • All Two-Bedroom, One-Bathroom Units
  • Large Unit Layouts
  • Walking Distance to Public Transportation

Exclusively Listed By

Listing Price: $1,450,000

Cap Rate
7.30%
Number of Units
19
Occupancy
90.0%
Price/Unit
$76,316
Price/Gross SF
$69.05
Gross SF
21,000

Investment Highlights

  • Greater Grand Crossing Neighborhood
  • All Two-Bedroom, One-Bathroom Units
  • Large Unit Layouts
  • Walking Distance to Public Transportation

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity in the Greater Grand Crossing neighborhood of Chicago. The subject property of 6820 South Perry Avenue is located 9.3 miles south of the Chicago Loop, 0.3 miles west of the Chicago Transit Authority's (CTA) 69th Street Red Line train station, 0.3 miles west of the I-94 Expressway, and 0.1 miles north of the CTA's 24, 67, and 167 bus stops. The unit mix for the subject property consists of nineteen two-bedroom, one-bathroom units that measure 1,000 square feet, respectively. Named for its proximity to a historic railroad intersection, Greater Grand Crossing is a community made up of small pocket neighborhoods on Chicago’s South Side. Since the community’s inception at the turn of the 20th century, bungalow-style homes have been a mainstay. But a recent renewal in the area has seen an uptick in renovated multi-unit buildings, as well as updated single-family homes. An investor can take full advantage of this real estate opportunity by capitalizing on the ability to raise current rents and cash flow the property.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower