UNDER CONTRACT – MULTI-FAMILY
7704 S. Emerald Avenue Chicago, IL 60621
NEIGHBORHOOD
Auburn Gresham
PRICE
Call for details
NUMBER OF UNITS
14
PROPERTY LISTED

Essex has been exclusively engaged to market for sale 7704 S. Emerald, a fourteen unit (14) apartment building located in a quiet residential community of Auburn Park. This property sits near the corner of west 77th St. & south Emerald Ave., and within close proximity to shops & transportation on retail corridor Halsted St., a block west.
7704 S. Emerald is a handsome brick walk-up property consisting of fourteen (14) one (1) bedroom apartments with large layouts. The current renters have an average lease of 2 years and the building is 100% occupied. The property has seen great improvements including new roof layer in 2016, all windows replaced for new aluminum, as well as updated bathrooms. All new electric delivering 100 AMPs per unit. Landlord paid heat. Coin operated laundry machines located in the basement.

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
  • Turn-Key Investment
  • 9.65% Cap Rate
  • 5.45 GRM
  • 100% Occupancy
  • Large 4 Room Units
LISTING BROKER
Brian Mond
Director
312.662.9590