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6837 S Clyde Ave 8 Unit Apartment Building $1,050,000 ($131,250/Unit) 7.63% Cap Rate Chicago, IL 60649
Investment Highlights
- 8-unit brick multifamily asset
- Located near The Obama Presidential Center
- Stable in-place occupancy
- Immediate proximity to Jackson Park
- Positioned within a high-visibility redevelopment corridor
- Long-term appreciation
Executive Summary
6837 S Clyde Avenue is an 8-unit multifamily building located near Jackson Park and in close proximity to the Obama Presidential Center. The property features a well-balanced unit mix consisting of two one-bedroom units and six three-bedroom units, supporting broad tenant appeal within the surrounding area experiencing significant public infrastructure investment.
The building offers investors the opportunity to own a multifamily asset with current income positioned near one of the South Side’s most impactful long-term redevelopment initiatives. With continued reinvestment throughout the surrounding neighborhood, 6837 S Clyde Avenue is well suited for buyers seeking stable income with location-driven appreciation potential.
The building offers investors the opportunity to own a multifamily asset with current income positioned near one of the South Side’s most impactful long-term redevelopment initiatives. With continued reinvestment throughout the surrounding neighborhood, 6837 S Clyde Avenue is well suited for buyers seeking stable income with location-driven appreciation potential.
Property Facts
| Price | $1,050,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $131,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7.63% | Building Size | 11,880 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-5 | ||
| Price | $1,050,000 |
| Price Per Unit | $131,250 |
| Sale Type | Investment |
| Cap Rate | 7.63% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,880 SF |
| No. Stories | 4 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | 990 |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-24-409-007-0000 | Improvements Assessment | $42,375 |
| Land Assessment | $11,625 | Total Assessment | $54,000 |
Property Taxes
Parcel Number
20-24-409-007-0000
Land Assessment
$11,625
Improvements Assessment
$42,375
Total Assessment
$54,000
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6837 S Clyde Ave
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