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7655-7657 S Coles Ave
Chicago, IL 60649
Multifamily Property For Sale
·
13 Units
Investment Highlights
- 13-unit multifamily asset
- Diversified unit mix
- Supported by neighborhood investment activity
- Positioned between Jeffery and Stony Island
- Stable occupancy performance
- Established South Shore location
Executive Summary
7655 S Coles Avenue consists of a 13-unit multifamily building with a uniform unit mix of thirteen two-bedroom, one-bath apartments. Positioned between Jeffery Boulevard and Stony Island Avenue, the property benefits from access to two primary neighborhood corridors while remaining well integrated into the surrounding area.
The building offers steady performance supported by stable occupancy and consistent unit layouts. Continued investment activity throughout the surrounding neighborhood provides additional support for the property’s positioning within the broader South Side market.
The building offers steady performance supported by stable occupancy and consistent unit layouts. Continued investment activity throughout the surrounding neighborhood provides additional support for the property’s positioning within the broader South Side market.
Property Facts
| Price Per Unit | $69,231 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 7.94% | Building Size | 11,050 SF |
| No. Units | 13 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment | Parking Ratio | 0.45/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | RT-4 | ||
| Price Per Unit | $69,231 |
| Sale Type | Investment |
| Cap Rate | 7.94% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 11,050 SF |
| No. Stories | 4 |
| Year Built | 1921 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | - |
Property Taxes
| Parcel Number | 21-30-404-017-0000 | Improvements Assessment | $62,000 |
| Land Assessment | $12,500 | Total Assessment | $74,500 |
Property Taxes
Parcel Number
21-30-404-017-0000
Land Assessment
$12,500
Improvements Assessment
$62,000
Total Assessment
$74,500
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