ON MARKET – MULTI-FAMILY
6700 S Constance Ave. Chicago, IL 60653
NEIGHBORHOOD
South Shore
PRICE
$6,000,000
NUMBER OF UNITS
78
CAP RATE
5.01%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to
market 6700 S. Constance Avenue, a 78 unit apartment
building located in Chicago's historic landmark district of
Jackson Park Highlands.
The building consists of forty-one (41) studio apartments
and thirty-seven (37) large one-bedroom apartments. The
typical units contain hardwood floors, white appliances, a
radiator and laminate kitchen countertops.
There is a significant opportunity to add value to this
property by adding a laundry facility to generate
additional income. Additionally, due to the large size of the
units and favorable floor plans, a new owner has the
opportunity to convert the studio apartments into
one-bedrooms and the current one-bedrooms into
two-bedrooms.

LOCATION DETAILS

0

HIGHLIGHTS
  • Value add 78 unit multifamily building located in South Shore
  • Under market rents
  • Located 1.5 miles south of future site of the Obama Center
  • 0.2 miles from Lake Michigan
  • 1.8 miles from The University of Chicago
  • New Boiler system added in 2018 and 2019
  • Porches replaced in 2018
LISTING BROKERS
Brian Mond
Director
312.662.9590
Ben Bakula
Associate
773.305.4864