ON MARKET – MULTI-FAMILY
7717-19 S Laflin Street Chicago, IL 60620
NEIGHBORHOOD
Auburn Gresham
PRICE
$395,000
NUMBER OF UNITS
10
CAP RATE
19.23%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 7717 S. Laflin Street, a 10 unit property in the Auburn Gresham area of Chicago. The property is a walk-up style building on a quiet tree-lined side street. Great unit mix with Seven (7) large 2 bedroom and three (3) 1 bedroom units.

Building is vacant. Theres a value add opportunity in renovating and updating the units. The building will need several updates and improvements to the mechanicals and systems. Nestled in a great block with mostly single family homes.
The unit mix is primarily comprised of (7) seven large 2 bed / 1 bath apartments and (3) three 1 bed / 1 bath apartments.

LOCATION DETAILS

Auburn Gresham, also known as Gresham, is a historic neighborhood of Chicago that has been introduced to some major landmark investments. There are a few architectural projects in development as well as the City of Chicago's Invest South / West Initiative. This neighborhood has seen great economic upside in the last few years and continues to grow with more and more investment.

Transit is made extremely easy as this neighborhood is surrounded by 2 separate Metra Services, major CTA Bus Lines, the Red Line, as well as the Dan Ryan Expressway. Commuters coming to and from downtown have ease of transportation while living here.

HIGHLIGHTS
  • Fully Vacant Opportunity Zone deal
  • 10 unit brick walk-up building
  • Seven (7) 2 Bd / 1 Ba and Three (3) 1 Bd / 1 Ba
  • 10.5%+ Cap Rate Stabilized
LISTING BROKERS
Brian Mond
Director
312.662.9590
Joe Levie
Associate
773.305.4900