ON MARKET – MULTI-FAMILY
7855 S Kedzie Avenue Chicago, IL 60652
PRICE
$1,800,000
NUMBER OF UNITS
21
CAP RATE
7.65%
PROPERTY LISTED

Essex Realty Group, Inc. is proud to announce the opportunity to acquire 7851-7855 S Kedzie Avenue; Columbus Tower, a 21-unit apartment property located in the Chicago neighborhood of Wrightwood. The building consists of (3) Studio, (11) 1Bd/1Ba, and (7) 2Bd/1Ba units.

Columbus Tower is conveniently located across the street from the Wrightwood Metra Station, providing easy access to tenants commuting throughout the Chicago MSA. The location also provides investors the opportunity to lease garage parking to Metra patrons seeking for a more secure location to park their vehicles.

The subject property is fully stabilized and has been operating smoothly with stable collections through the pandemic. The exterior of the building, common areas, and operating systems have been impeccably maintained over the years, providing investors the opportunity to walk into a cash flowing and well-run property on day one.

LOCATION DETAILS

Located approximately 11 miles from the Loop, the Wrightwood neighborhood is a small subsection of southwest Chicago consisting of a little over 9,500 people. Wrightwood is encompassed by West Columbus Avenue to the north 87th Street to the south, Western Avenue to the east, and Kedzie Avenue to the west.

The subject property is across the street from the Wrightwood Metra station (Zone C) which sits on the corner of 79th Street and West Columbus Avenue.

HIGHLIGHTS
  • Located across the street from the Wrightwood Metra Station
  • Security camera, key-fob system, and separate alarm systems in each unit
  • (8) indoor garages for additional income from tenants or Metra patrons
  • Separately metered electric; tenants pay their own heat and electricity
  • Stabilized property, cash flowing through the pandemic
LISTING BROKERS
Derek Kaptanoglu
Director
773.305.4862
Brian Kochendorfer
Managing Director
773.305.4870