Essex Realty Group. Inc, has been engaged to exclusively market for sale a 3-building, 208-unit multifamily portfolio located in Chicago’s Jackson Park neighborhood. The properties are located at 6916 S Clyde Ave, 7038 S Chappel Ave, and 7500 S South Shore Dr.
This portfolio features a recent history of extensive rehab including unit upgrades, new roofs, new boilers, new hot water heaters, new windows, electric, and plumbing. These improvements combined with common area laundry at every building and ideal location will allow an investor to achieve top of the market rents while minimizing maintenance expenses.
Located in the historic Jackson Park neighborhood, this portfolio is situated just blocks away from the future Obama Presidential Library site, an $800 million development that organizers believe will draw an estimated 750,000 visitors annually upon its expected opening in 2026.
This offering presents the rare opportunity for an investor to acquire scale with a fully renovated portfolio in a rapidly appreciating submarket and achieve stellar cash-on-cash returns upon capturing the strong rental upside.
7500 S South Shore Dr
6916 S Clyde
7038 S Chappel
- Upgraded Units with Newer Floors, Kitchens, Baths, etc
- Recent Renovation Includes Newer Roofs, Boilers, Hot Water Heaters, Windows, Electric, and Plumbing
- Opportunity for Investor to Acquire Scale in a Desirable, Fast Appreciating Neighborhood
- Low Property Taxes due to Class 9 Designation for All Buildings
- Within Blocks of Future Obama Presidential Library Site
- Common Area Laundry at Every Building