ON MARKET – MULTI-FAMILY
6700 S. Constance Avenue Chicago, IL 60649
NEIGHBORHOOD
South Shore
PRICE
$4,950,000
NUMBER OF UNITS
78
CAP RATE
10.07%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 6700 South Constance Avenue, a 78 unit apartment building located in Chicago's historic landmark district of Jackson Park Highlands. The building consists of 41 oversized studio apartments and 37 large one bedroom apartments with vintage hardwood floors, white appliances and laminate kitchen countertops. There is a significant opportunity to add value by completing light construction work and leasing up the building at market rates.

The property boasts an incredible location across the street from the beautiful Jackson Park and the Jackson Park Golf Course, blocks from DuSable Lake Shore Drive and a short walk to both the 63rd & 67th Street Beaches. There are multiple bus stops in close proximity as well as the Metra Electric Bryn Mawr station.

The building is currently 100% vacant.

LOCATION DETAILS

The property is situated near the corner of S. Jeffery Blvd. & E. 67th St., in Chicago's historic Jackson Park Highland's neighborhood. On the North corner is landmark Jackson Park. Larger than downtown's Millennium & Grant Park combined, Jackson Park boasts 550 acres of green space. Features include, 18-hole golf course, two walking trails, two basketball courts, football field, gymnasium, tennis courts, lagoon, Japanese Garden, two harbors, a yacht club, two beaches, bathing pavilions, and a bird sanctuary. There is so much this park has to offer it's residents; It is no wonder this neighborhood is such a sought after area of Chicago. The eye catching architecture of this historic area highlights the prominence of the neighborhood. Chicago’s well known landmarks are scattered throughout, drawing tourists in for a fun adventure. One of the largest science museums in the world, The Museum on Science & Industry (1.5 miles), was the site of the 1893 World’s Columbian Exposition.

HIGHLIGHTS
  • 78 Unit Vintage Double Courtyard Apartment Building
  • Over $1M of Recent Capital Improvements
  • Oversized Studios & One Bedrooms
  • Incredible Location; Adjacent to Jackson Park Golf Course, Lake Shore Drive & Lake Michigan
  • Value Add Opportunity; Light Construction Work & Lease Up Needed
  • Building is 100% Vacant
  • Clean Offers & Quick Closing Preferred
LISTING BROKERS
Brian Mond
Director
312.662.9590
Jordan Gottlieb
Principal
773.305.4922