ON MARKET – MULTI-FAMILY
1235-39 W. 81st Street Chicago, IL 60620
NEIGHBORHOOD
Auburn Gresham
PRICE
$785,000
NUMBER OF UNITS
10
CAP RATE
11%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 1235-39 W. 81st Street, a 10 unit property in the Auburn Gresham area of Chicago. The property is a stately vintage corner walk-up style building on a quiet tree-lined side street that was fully renovated in 2016.

The unit mix is primarily comprised of 8 large 2 bed / 1 bath apartments. There are an additional 2 non-conforming garden units one 1 Bed / 1 Ba & one 2 Bed / 1 Ba.
Each unit features an Individual thermostat, hardwood floors, new cherry cabinets, granite countertops, stainless steel appliances, renovated bathrooms, and spacious living areas with non-functional fireplaces that add a historic Chicago touch. There are 4 coin-operated laundry machines in the building.

LOCATION DETAILS

Auburn Gresham, also known as Gresham, is a historic neighborhood of Chicago that has been introduced to some major landmark investments. There are a few architectural projects in development as well as the City of Chicago's Invest South / West Initiative. This neighborhood has seen great economic upside in the last few years and continues to grow with more and more investment.

Transit is made extremely easy as this neighborhood is surrounded by 2 separate Metra Services, major CTA Bus Lines, the Red Line, as well as the Dan Ryan Expressway. Commuters coming to and from downtown have ease of transportation while living here.

HIGHLIGHTS
  • 10 unit brick walk-up building
  • Nine (9) 2 Bd / 1 Ba and One (1) 1 Bd / 1 Ba
  • 11% Cap Rate
  • New Individual Gas Forced Heat
  • All Copper plumbing
  • Coin-operated laundry facility in the building
  • All new porches
LISTING BROKERS
Brian Mond
Director
312.662.9590
Erica Trejo
Associate
773.305.4864