Multifamily

Loyola Portfolio

Listing Price: $3,500,000

Cap Rate
6.70%
Number of Units
12
GRM
9.67
Occupancy
95.00%
Price/Unit
$291,667
Price/Gross SF
$168.67
Gross SF
20,750

Investment Overview

Marcus & Millichap is pleased to present this multifamily five-building portfolio opportunity in the Rogers Park neighborhood of Chicago, Illinois.

1222 West Arthur Avenue consists of two five-bedroom/two-bathroom units that measure 2,000 square feet and features on-site parking and laundry. 1223 West Arthur Avenue consists of two four-bedroom\two-bathroom units that measure 1,800 square feet and one one-bedroom\one-bathroom unit that measures 700 square feet and features on-site parking and laundry. 1245 West Arthur Avenue consists of two four-bedroom\two-bathroom units that measure 1,800 square feet and one three-bedroom\one-bathroom unit that measures 1,100 square feet and features on-site laundry. 6436 North Wayne Avenue consists of two four-bedroom\one-bathroom units that measure 1,500 square feet and features on-site laundry. 6447 North Wayne Avenue consists of one six-bedroom\three-bathroom duplex-down unit that measures 2,750 square feet and one four-bedroom\two-bathroom unit that measures 2,000 square feet and features on-site parking and laundry. These properties are all located within the same three-block radius. The properties are within walking distance to Loyola University, Chicago Transit Authority's (CTA) Loyola Red Line stop, Sheridan Road and Devon Avenue bus stops, and Lake Michigan.

Rogers Park is one of the most economically and culturally diverse communities not only in Chicago, but in the entire United States-proven by the 80-plus languages spoken in the neighborhood. Located at the far northeast corner of the city, approximately eleven miles north of Chicago's Central Business District known as the loop, Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA L train stops - Loyola, Morse, Jarvis, and Howard stops, one Metra stop at Lunt Avenue, five bus lines, and the Howard Bus and L train terminal which is the staging point for north suburban travel. Additionally, Rogers Park is one of the few Chicago neighborhoods that has direct public access to Lake Michigan. Unlike other Chicago lakefront neighborhoods, Rogers Park has 13 public street-end beaches, and many buildings along Lake Michigan have their own private beaches.

Investment Highlights

  • Rogers Park Neighborhood
  • Five Building Portfolio Opportunity
  • Walking Distance to Loyola University
  • Attractive Unit Mix
  • Walking Distance to Public Transportation

Exclusively Listed By

Listing Price: $3,500,000

Cap Rate
6.70%
Number of Units
12
GRM
9.67
Occupancy
95.00%
Price/Unit
$291,667
Price/Gross SF
$168.67
Gross SF
20,750

Investment Highlights

  • Rogers Park Neighborhood
  • Five Building Portfolio Opportunity
  • Walking Distance to Loyola University
  • Attractive Unit Mix
  • Walking Distance to Public Transportation

Investment Overview

Marcus & Millichap is pleased to present this multifamily five-building portfolio opportunity in the Rogers Park neighborhood of Chicago, Illinois.

1222 West Arthur Avenue consists of two five-bedroom/two-bathroom units that measure 2,000 square feet and features on-site parking and laundry. 1223 West Arthur Avenue consists of two four-bedroom\two-bathroom units that measure 1,800 square feet and one one-bedroom\one-bathroom unit that measures 700 square feet and features on-site parking and laundry. 1245 West Arthur Avenue consists of two four-bedroom\two-bathroom units that measure 1,800 square feet and one three-bedroom\one-bathroom unit that measures 1,100 square feet and features on-site laundry. 6436 North Wayne Avenue consists of two four-bedroom\one-bathroom units that measure 1,500 square feet and features on-site laundry. 6447 North Wayne Avenue consists of one six-bedroom\three-bathroom duplex-down unit that measures 2,750 square feet and one four-bedroom\two-bathroom unit that measures 2,000 square feet and features on-site parking and laundry. These properties are all located within the same three-block radius. The properties are within walking distance to Loyola University, Chicago Transit Authority's (CTA) Loyola Red Line stop, Sheridan Road and Devon Avenue bus stops, and Lake Michigan.

Rogers Park is one of the most economically and culturally diverse communities not only in Chicago, but in the entire United States-proven by the 80-plus languages spoken in the neighborhood. Located at the far northeast corner of the city, approximately eleven miles north of Chicago's Central Business District known as the loop, Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA L train stops - Loyola, Morse, Jarvis, and Howard stops, one Metra stop at Lunt Avenue, five bus lines, and the Howard Bus and L train terminal which is the staging point for north suburban travel. Additionally, Rogers Park is one of the few Chicago neighborhoods that has direct public access to Lake Michigan. Unlike other Chicago lakefront neighborhoods, Rogers Park has 13 public street-end beaches, and many buildings along Lake Michigan have their own private beaches.

Exclusively Listed By

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