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6952-6958 S Paxton Ave
Chicago, IL 60649
Multifamily Property For Sale
·
31 Units
Investment Highlights
- Attractive Entry Price Point
- Value add opportunity with potential to achieve 9.79%+ cap rate
- Optimal Mix of Studio, One, and Two-Bedroom Apartments
- Highly Desirable Jackson Park Neighborhood
Executive Summary
Interra Realty is pleased to present for sale 6952 S Paxton Ave. Located in the Jackson Park neighborhood on the south side of Chicago, the subject property is a thirty-one (31) unit courtyard building. The property features a highly desirable mix of studio, one, and two-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. The building is currently vacant and in need of improvement. Through the purchase and rehab of the property, investors are positioned to build their own rent roll and capture strong market rents. Situated just 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. The building is currently vacant and in need of improvement. Through the purchase and rehab of the property, investors are positioned to build their own rent roll and capture strong market rents. Situated just 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 Per Unit | $55,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| No. Units | 31 | Building Size | 23,451 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1921 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM-5 - Chicago | ||
| Price Per Unit | $55,000 |
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 23,451 SF |
| No. Stories | 3 |
| Year Built | 1921 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 - Chicago |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 400 |
| 1+1 | 16 | - | 600 |
| 2+1 | 9 | - | 700 |
Property Taxes
| Parcel Number | 20-24-417-025-0000 | Improvements Assessment | $139,433 |
| Land Assessment | $19,324 | Total Assessment | $158,757 |
Property Taxes
Parcel Number
20-24-417-025-0000
Land Assessment
$19,324
Improvements Assessment
$139,433
Total Assessment
$158,757
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