ON MARKET – MULTI-FAMILY
Southside Portfolio Chicago, IL
PRICE
$3,205,000
NUMBER OF UNITS
40
CAP RATE
9.04%
PROPERTY LISTED

Essex is pleased to present a (7) Seven building portfolio consisting in six (6) 6-flats and one (1) 4-flat. All the units have been renovated with new kitchens and bathrooms. Several of the units are tenanted by Section 8 or CHA vouchers with a high level of guaranteed rent. Currently the portfolio is performing at a 9% cap Rate on actual income/expenses and GRM 6.17.
Some of the units have individual furnaces and tenant paid utilities. Stabilized portfolio with room to grow in the market. Nicely maintained portfolio.

LOCATION DETAILS

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HIGHLIGHTS
  • 7 Buildings 40 Units total
  • Nicely maintained renovated units with stabilized tenants
  • GRM 6.17 and 9% Cap Rate
  • Most capital expenses on all buildings done
LISTING BROKER
Brian Mond
Director
773.305.4876