Essex Realty Group Inc. is proud to announce our exclusive engagement to sell 7846 S. Exchange Ave, a 10 unit multifamily building located in Chicago’s South Shore neighborhood. This California style building consists of ten (10) 1-bedroom / 1 bathroom apartments. 7846 S. Exchange is two story brick property includes surface parking spots in rear, fully-fenced in yard with secured entry. There is a new laundry facility on-site to generate additional income. This is a value-add investment property, a perfect match for both a first time investor or as a new addition to a growing portfolio.
What makes this location appealing is that it is situated in the highly sought after South Shore historic neighborhood. Another key point is the Cheltenham/79th St. Metra station is steps from the front door making this an excellent location for commuter tenants. The highlight of this property is the accessibility to Rainbow Beach, Lake Michigan, the lakefront bike path, and South Shore Cultural Center.
The property is situated near the corner of S. Exchange Ave and E. 79th St., in Chicago’s historic South Shore neighborhood. It is only a 2 minute walk to South Shore’s Rainbow Beach. Surrounded by multiple CTA bus routes, proximity to the Metra Station, & iconic highway, Lake Shore Drive, this property makes transit to downtown a breeze. The eye catching architecture of this historic area highlights the prominence of the neighborhood. Chicago’s well known landmarks are scattered around this neighborhood drawing tourists in for a fun adventure. One of the largest science museums in the world, The Museum of Science & Industry (2. 5 miles), was the site of the 1893 World’s Columbian Exposition. South Shore encompasses Rainbow Beach, which provides access to Lake Michigan for residents and visitors alike. Jackson Park, the Museum of Science and Industry and The University of Chicago are all located within four miles of South Shore.
- 9.70% Cap Rate
- Value-Add Investment
- Ten (10) 1 Bed/ 1 Bath Apartments
- Recently Rehabbed
- Convenient Proximity to Metra Station
- 6 Surface Parking Spaces
- On-Site Laundry Facility
- Neighborhood Benefits of Invest SOUTH/WEST