Essex Realty Group Inc. has been exclusively engaged to market for sale 6800 S Paxton Ave, a 12-unit, walk-up multifamily building. 6800 S Paxton is located in the South Shore neighborhood of Chicago’s South Side and just steps away from Lake Michigan and Jackson Park.

The subject property is a (3) story walkup building consisting of three (3) two bedroom / one bathroom and nine (9) three bedroom / one bathroom apartments. The building is 100% occupied, secured entry ways, favorable unit mix, and in a prime South Shore pocket.

This value add opportunity is an excellent investment for a multifamily investor to expand their portfolio.

South Shore is bounded by 67th Street to the north, 79th Street to the south, Stony Island Avenue to the west and Lake Michigan to the east. The proximity to Lake Shore Drive and the South Shore Metra station makes this area accessible for downtown commuters. The beautiful architecture of the area highlights the prominence of the neighborhood. The neighborhood encompasses Rainbow Beach, which provides access to Lake Michigan for residents and visitors of South Shore. Jackson Park, the Museum of Science and Industry and The University of Chicago are all located within close proximity of South Shore. Several highly anticipated projects, including the Obama Presidential Center, which provides will provide a world-class museum and public gathering space for residents and tourists. According to an analysis by CoStar, the past 12 months have seen a record $103 million dollars in investment sales in the area. This is up from a long-term average of $36 million dollars. Further, an increase in renter demand has caused the average occupancy to reach a 20 year high.

• 100% Occupied building
• Value Add Opportunity for investor to increase below market rents
• Comprised of (9) 3-Bd/1Ba Units and (3) 2-Bd/1Ba Units
• 2 Beds averaging $1,084 and 3 Beds averaging $1,228
• Prime location just blocks away from Lake Michigan and Jackson Park Golf Course