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Multifamily

6516 S Stony Island Ave

6516 S Stony Island Ave, Chicago, IL 60637

Listing Price: $1,050,000

Cap Rate
6.42%
Number of Units
16
Price/Unit
$65,625
Price/Gross SF
$78.36
Gross SF
13,400

Investment Overview

Marcus & Millichap is pleased to present this rarely-available Multifamily opportunity in the Woodlawn neighborhood of Chicago, Illinois. The subject property consists of 16 apartments, a mix of one-bedroom and two-bedroom units. The units are much larger than most one- and two-bedroom apartments in the Southside, and feature a kitchen, dining area, living room, and sun room. The subject property is steps from the Chicago Transit Authority’s (CTA) 28 bus stop, a seven-minute walk to Metra’s 63rd Street train stop, and a five-minute drive to the University of Chicago’s campus. This property is located directly west of the Jackson Park Golf Course and is within walking distance of the future Obama Presidential Campus and the Museum of Science and Industry.

Investment Highlights

  • Prime Woodlawn Location on High-Trafficked Stony Island Avenue
  • Well Below Market Rents Allow for Major Upside Potential
  • 10-Minute Walk to Future Obama Presidential Campus
  • Seven-Minute Walk to Metra's 63rd Street Train Stop
  • Excellent Location Near University of Chicago and the Museum of Science and Industry

Exclusively Listed By

Listing Price: $1,050,000

Cap Rate
6.42%
Number of Units
16
Price/Unit
$65,625
Price/Gross SF
$78.36
Gross SF
13,400

Investment Highlights

  • Prime Woodlawn Location on High-Trafficked Stony Island Avenue
  • Well Below Market Rents Allow for Major Upside Potential
  • 10-Minute Walk to Future Obama Presidential Campus
  • Seven-Minute Walk to Metra's 63rd Street Train Stop
  • Excellent Location Near University of Chicago and the Museum of Science and Industry

Investment Overview

Marcus & Millichap is pleased to present this rarely-available Multifamily opportunity in the Woodlawn neighborhood of Chicago, Illinois. The subject property consists of 16 apartments, a mix of one-bedroom and two-bedroom units. The units are much larger than most one- and two-bedroom apartments in the Southside, and feature a kitchen, dining area, living room, and sun room. The subject property is steps from the Chicago Transit Authority’s (CTA) 28 bus stop, a seven-minute walk to Metra’s 63rd Street train stop, and a five-minute drive to the University of Chicago’s campus. This property is located directly west of the Jackson Park Golf Course and is within walking distance of the future Obama Presidential Campus and the Museum of Science and Industry.

Exclusively Listed By

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