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6920-6930 S Oglesby Ave 37 Unit Apartment Building $2,035,000 ($55,000/Unit) Chicago, IL 60649
Investment Highlights
- Attractive Entry Price Point
- Highly Desirable Jackson Park Location
- Excellent Mix of Studio, 1, 2, and 3-Bedroom Units
Executive Summary
Interra Realty is pleased to exclusively list for sale 6920 S Oglesby Ave. Located in the Jackson Park neighborhood on the south side of Chicago, the subject property is an attractive thirty-seven (37) unit courtyard building. The property features a highly desirable mix of studio, one, two, and three-bedroom apartments. Units are in varying condition, with some needing minor cosmetic improvements, while others require significant construction to become habitable.
The property presents qualified investors the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. Through the purchase and rehab of the property, investors have the opportunity to build their own rent roll and achieve a 8.4%+ cap rate. Situated just a blocks from Jackson Park, South Shore golf course, and Lake Michigan, the location offers tenants premier access to some of the most popular public amenities.
The property presents qualified investors the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. Through the purchase and rehab of the property, investors have the opportunity to build their own rent roll and achieve a 8.4%+ cap rate. Situated just a blocks from Jackson Park, South Shore golf course, and Lake Michigan, the location offers tenants premier access to some of the most popular public amenities.
Property Facts
| Price | $2,035,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $55,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.46 AC |
| No. Units | 37 | Building Size | 34,050 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1924 |
| Zoning | RM-5 - Chicago | ||
| Price | $2,035,000 |
| Price Per Unit | $55,000 |
| Sale Type | Investment |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 34,050 SF |
| No. Stories | 4 |
| Year Built | 1924 |
| Zoning | RM-5 - Chicago |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 500 |
| 1+1 | 20 | - | 741 |
| 2+1 | 11 | - | 925 |
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Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 20-24-419-008-0000 | Improvements Assessment | $226,738 |
| Land Assessment | $30,690 | Total Assessment | $257,428 |
Property Taxes
Parcel Number
20-24-419-008-0000
Land Assessment
$30,690
Improvements Assessment
$226,738
Total Assessment
$257,428
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6920-6930 S Oglesby Ave
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