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Multifamily

704-706 East 51st Street

704 E 51st St, Chicago, IL 60615

Listing Price: $1,100,000

Cap Rate
5.89%
Number of Units
6
Occupancy
95.0%
Price/Unit
$183,333
Price/Gross SF
$85.91
Gross SF
12,804

Investment Overview

Marcus & Millichap is pleased to present 704 – 706 East 51st Street in the Bronzeville neighborhood of Chicago, Illinois. The subject property is a jumbo center entrance six-flat comprised of six three-bedroom/two-baths. Each unit was gut renovated in 2005 and continues to be in great operating condition. The property is also across the street from Washington park, within a short drive to the Obama Library, and University of Chicago. The subject property is within walking distance to the Chicago Transit Authority (CTA)’s 51st Street Green Line Stop, a one-minute walk to the number 15 bus stop, and a two-minute walk to the number 4 bus stop.

Investment Highlights

  • Within Close Proximity to University of Chicago and the Obama Library.
  • An 11-Minute Walk to the CTA Green Line.
  • Substantial Opportunity to Increase Rents.
  • Excellent Bronzeville Location.
  • Six Three-Bedroom/Two-Bath Units.

Exclusively Listed By

Financing By

Multifamily

704-706 East 51st Street

Listing Price: $1,100,000

Cap Rate
5.89%
Number of Units
6
Occupancy
95.0%
Price/Unit
$183,333
Price/Gross SF
$85.91
Gross SF
12,804

Investment Highlights

  • Within Close Proximity to University of Chicago and the Obama Library.
  • An 11-Minute Walk to the CTA Green Line.
  • Substantial Opportunity to Increase Rents.
  • Excellent Bronzeville Location.
  • Six Three-Bedroom/Two-Bath Units.

Investment Overview

Marcus & Millichap is pleased to present 704 – 706 East 51st Street in the Bronzeville neighborhood of Chicago, Illinois. The subject property is a jumbo center entrance six-flat comprised of six three-bedroom/two-baths. Each unit was gut renovated in 2005 and continues to be in great operating condition. The property is also across the street from Washington park, within a short drive to the Obama Library, and University of Chicago. The subject property is within walking distance to the Chicago Transit Authority (CTA)’s 51st Street Green Line Stop, a one-minute walk to the number 15 bus stop, and a two-minute walk to the number 4 bus stop.

Exclusively Listed By

Financing By

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