ON MARKET – MULTI-FAMILY
7400 S. Chappel Ave. Chicago, IL 60649
NEIGHBORHOOD
South Shore
PRICE
$900,000
NUMBER OF UNITS
18
CAP RATE
7.46%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 7400 S. Chappel Ave, an 18 unit corner lot building in the heart of Chicago's South Shore neighborhood. The close proximity to all of South Shore's attractions makes this location very desirable. The unit mix is three (3) studio apartments, twelve (12) one-bedroom apartments, and three (3) two-bedroom apartments. The typical unit contains hardwood floors, laminate countertops, and white appliances.

LOCATION DETAILS

The property is situated on the corner of S. Chappel Ave and E. 74th St in Chicago's historic South Shore neighborhood. The property is just 1.1 miles from the South Shore Golf Course. Rainbow Beach sits just 1.2 miles from the subject property. Chicago's Museum of Science and Industry, The University of Chicago and Jackson Park are all located within 3 miles from the subject
property.

HIGHLIGHTS
  • Value-add Opportunity
  • 18 Units
  • Good unit mix
  • $50,000 per unit
  • Stabilized Cap Rate - 12.64%
  • Current GRM - 6.2
LISTING BROKERS
Brian Mond
Director
312.662.9590
Ben Bakula
Associate
773.305.4864