Essex Realty Group Inc. has been exclusively engaged to market for sale 6801-11 S Michigan Ave, a massive 42-unit courtyard multifamily building. The subject property is located in the highly desirable Greater Grand Crossing neighborhood of Chicago’s southside. 6807 S Michigan is a three (3) story building consisting of six (6) studios, thirty-three (33) one bedroom / one bathroom, and three (3) two bedroom / one bathroom apartments. The building is beautifully landscaped, secured entryways, and 24-hour emergency maintenance services. The units feature large layouts, windows, closets, radiator heating, carpeted & hardwood floors. This value add opportunity is an excellent investment for a multifamily investor to expand his portfolio with a well stabilized building. The property is available for purchase individually or as a portfolio with the neighboring building 6800-02 S Indiana.
The Chicago south side neighborhood, Greater Grand Crossing, offers a wide range of housing styles, including new construction high rises, single-family homes, condominiums, lofts, town homes, bungalow-style homes and historic mansions. The region also boasts several historically-significant buildings and landmark districts, such as Kenwood District and Hyde Park-Kenwood Historic District. The area is primarily served by the Chicago Public School District. The University of Chicago is also located in Chicago South. Public transportation options for commuters include number CTA buses and ‘L’ trains, as well as Metra railways with transportation to Chicago’s Loop and nearby communities. Major highways also pass through the area, including the Dan Ryan Expressway, Chicago Skyway toll road and Lake Shore Drive. Cultural opportunities abound, with the Museum of Science and Industry, the Field Museum, John G. Shedd Aquarium, Adler Planetarium, the DuSable Museum of African American History, as well as art galleries and museums located in the area. The Chicago Park District also offers residents several public parks. Notable residents have included President Barack Obama.
- 42-Unit Courtyard Building at the Corner of 68th & Michigan
- Prime Location in Greater Grand Crossing
- Significant Rental Upside
- Meticulously Maintained Building Since Acquiring
- Option to Assume Loan
- Easy Access to I94 & I90, Red Line, and Green Line Stations