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6811 S Paxton Ave 29 Unit Apartment Building For Sale Chicago, IL 60649
Investment Highlights
- Near Obama Presidential Center, a federal-museum-grade campus expected to drive measurable rent and value lift in the immediate trade area.
- 100% Vacant.
- No legacy delinquency to clear and limited tenant turn risk on stabilization.
- Jackson Park Highlands is one of the most architecturally distinguished and protected enclaves on Chicago's South Side.
- Buyer takes delivery with a clear path to repositioning at market rents.
- Subject market rents range from $1,050 (studio) to $1,700 (3BR) per unit.
Executive Summary
6811 S. Paxton Avenue, a 29-unit multifamily apartment building located in Chicago’s South Shore neighborhood on the east side of Paxton Avenue, between 68th and 69th Streets. Offered via competitive auction, the property represents a rare opportunity to acquire a multifamily asset at auction-driven pricing with immediate lease-up upside. The South Shore neighborhood is approximately 10 miles south of downtown Chicago and is home to more than 150,000 residents within a three-mile radius, providing a stable and demand-driven renter base. The property benefits from exceptional transit connectivity via Lake Shore Drive and the Chatham/79th Metra Station, as well as proximity to I-90, making daily commuting to downtown Chicago straightforward and accessible. Essential retail, including Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesars Pizza, serves the immediate community. Investors seeking exposure to Chicago’s value-add multifamily sector at a reset basis will find this property an attractive platform for repositioning.
Tours scheduled on June 4th & 18th.
Tours scheduled on June 4th & 18th.
Property Facts
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 29 | Building Size | 29,050 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1929 |
| Building Class | C | ||
| Zoning | RM-5, Chicago | ||
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 29,050 SF |
| Average Occupancy | 0% |
| No. Stories | 6 |
| Year Built | 1929 |
| Zoning | RM-5, Chicago |
Amenities
Unit Amenities
- Views
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 450 |
| 1+1 | 9 | - | 600 |
| 2+1 | 10 | - | 750 |
| 3+1 | 5 | - | 925 - 1,100 |
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Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-24-411-002-0000 | Improvements Assessment | $143,548 |
| Land Assessment | $13,547 | Total Assessment | $157,095 |
Property Taxes
Parcel Number
20-24-411-002-0000
Land Assessment
$13,547
Improvements Assessment
$143,548
Total Assessment
$157,095
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6811 S Paxton Ave
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