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6825 S Perry Ave
Chicago, IL 60621
Multifamily Property For Sale
·
44 Units
Investment Highlights
- Englewood is a long-established South Side Chicago community area immediately west of I-94 / Dan Ryan Expressway
- Englewood is a deep, consistently traded multifamily submarket with sustained absorption and active buyer demand.
- Sits steps from the 69th Street CTA Red Line station (0.2 mi) and a short drive to I-94
Executive Summary
6825 S Perry Ave is a 44-unit vintage courtyard multifamily asset in Chicago's Englewood submarket — a 1928 building totaling 26,000 SF. 9 Studio + 25 1BR/1BA + 10 2BR/1BA largely vacant — needing additional rehab to units and exterior to achieve pro forma rents. Operations underwrite NOI growth to $333,417 at stabilization on $718,200 of stabilized gross scheduled income.
Property Facts
| Price Per Unit | $56,818 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| No. Units | 44 | Building Size | 26,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1928 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RT-4 - RT-4 Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price Per Unit | $56,818 |
| Sale Type | Investment |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 26,000 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 - RT-4 Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 26 | - | - |
| 2+1 | 8 | - | - |
Property Taxes
| Parcel Number | 20-21-408-009-0000 | Improvements Assessment | $168,100 |
| Land Assessment | $12,600 | Total Assessment | $180,700 |
Property Taxes
Parcel Number
20-21-408-009-0000
Land Assessment
$12,600
Improvements Assessment
$168,100
Total Assessment
$180,700
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