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13536 S Brandon Ave 38 Unit Apartment Building $1,025,000 ($26,974/Unit) 14.61% Cap Rate Chicago, IL 60633

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INVESTMENT HIGHLIGHTS

  • One of the few properties in Chicago operating with an active Single Room Occupancy (SRO) license - allowing 34 rentable rooms
  • Opportunity to Increase Value Through Strategic Lease-Up of SRO Units
  • SRO Housing Meets Increasing Demand for Affordable Living Solutions
  • [34] Single Room Occupancy (SRO) Units | [4] Commercial Units
  • Situated Directly Across the Street from the Hegewisch Metra Electric Train Station

EXECUTIVE SUMMARY

Nara Advisors is pleased to exclusively market for sale 13536, a 38-unit single room occupancy (SRO) building located in Chicago's Hegewisch neighborhood.

PROPERTY FACTS

Price $1,025,000
Price Per Unit $26,974
Sale Type Investment
Cap Rate 14.61%
No. Units 38
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.09 AC
Building Size 16,022 SF
Average Occupancy 84%
No. Stories 3
Year Built 1923
Zoning SRO - Commercial SRO

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Heating
  • Refrigerator
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Recycling
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 34 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26-31-409-024-0000
Land Assessment
$1,540
Improvements Assessment
$61,023
Total Assessment
$62,563
  • Listing ID: 37507234

  • Date on Market: 9/2/2025

  • Last Updated:

  • Address: 13536 S Brandon Ave, Chicago, IL 60633

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