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6849-6859 S Clyde Ave 30 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.
- Incoming owner takes delivery with no legacy tenant disruption.
- Subject market rents range from $1,250 (2BR) to $1,700 (3BR) per unit.
- Jackson Park Highlands is one of the most architecturally distinguished and protected enclaves on Chicago's South Side.
- Half the building is already renovated and ready to lease; remaining units need interior turns only.
Executive Summary
6849 South Clyde Avenue, a 31-unit multifamily apartment building located in Chicago’s South Shore neighborhood on the east side of Clyde Avenue, between 68th and 69th Streets. The property is offered via competitive auction and represents a compelling value-add opportunity for investors seeking repositioning upside at a reset basis. Currently operating at approximately ~5% occupancy, the asset provides an investor the ability to execute a comprehensive lease-up strategy in a dense urban infill market with over 150,000 residents within three miles. The property benefits from exceptional transportation infrastructure, situated directly off Lake Shore Drive with convenient access to the Chatham/79th (Cheltenham) Street Metra Station and located just under two miles east of Interstate-90. The surrounding South Shore neighborhood is supported by a strong base of national retailers, including Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesar’s Pizza, among others, providing residents with essential everyday conveniences. Approximately 10 miles south of downtown Chicago, South Shore offers the density and connectivity of an urban neighborhood at pricing well below core city submarkets, creating an attractive risk-adjusted entry point for value-add multifamily investors.
Property Facts
| Sale Type | Investment | Lot Size | 0.37 AC |
| No. Units | 30 | Building Size | 28,350 SF |
| Property Type | Multifamily | Average Occupancy | 5% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1924 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | RM-5 - Chicago | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 28,350 SF |
| Average Occupancy | 5% |
| No. Stories | 4 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 - Chicago |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
Site Amenities
- Courtyard
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 650 |
| 2+1 | 21 | - | 750 |
| 3+1 | 3 | - | 850 |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-24-409-010-0000 | Improvements Assessment | $138,665 |
| Land Assessment | $23,366 | Total Assessment | $162,031 |
Property Taxes
Parcel Number
20-24-409-010-0000
Land Assessment
$23,366
Improvements Assessment
$138,665
Total Assessment
$162,031
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6849-6859 S Clyde Ave
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