Listing Summary
Chicago 6-Unit Multifamily Investment Opportunity: Value-Add Potential
Full Description
Investment Highlights Offered at $420,000, this 6-unit all-brick apartment building presents a prime value-add opportunity in Chicago. The property features a consistent unit mix of six 2-bedroom, 1-bathroom apartments, each designed with functional, spacious layouts including separate living/dining areas and kitchen pantries.
Key Features & Asset Value
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Operational Upside: An ideal candidate for strategic renovations, cosmetic upgrades, and management optimization to drive rental income and equity growth.
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Property Quality: Durable all-brick construction offering long-term stability.
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Additional Income: Includes a 3-car detached garage, providing a significant amenity for tenants and potential for additional revenue streams.
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Strategic Location: Positioned south of the South Shore neighborhood with excellent connectivity to South Shore Drive, Lake Michigan, major expressways, and reliable public transportation.
Investment Thesis This asset is offered AS-IS, making it a perfect acquisition for investors focused on stabilization and long-term cash flow. By leveraging the existing floor plans and implementing a targeted value-add program, new owners can capitalize on the strong rental demand in this well-connected Chicago submarket.
Presented by Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago.
Quick Glance
- Listing ID:
CL-Illinois-27980
- Status:
Active
- Year Build:
1925
- Building Size:
6,564 SqFt
- Lot Size:
0 Acr