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7655-7657 S Coles Ave 13 Unit Apartment Building $1,100,000 ($84,615/Unit) Chicago, IL 60649
Investment Highlights
- Highly desirably South Shore location just two blocks from Lake Michigan
- Meaningful upside remaining in the rent roll
- Ideal unit mix comprised entirely of 2BD/1BA units
- Well maintained units, many of which have received cosmetic updates
Executive Summary
Interra Realty is pleased to present exclusively for sale 7655 S Coles Ave. The subject property is a thirteen unit brick masonry building located in
Chicago's historic South Shore neighborhood.
The unit mix is comprised entirely of two-bedroom apartments. Units feature spacious living areas with abundant natural light. A portion of the
units have updated kitchens with newer cabinets, granite countertops and stainless steel appliances. The property includes seven parking spots
on the private rear parking pad. The property o?ers the opportunity to acquire an asset with meaningful upside remaining in the rent roll, in an
area that has experienced strong rent growth.
The property is located just one block from Rainbow Beach. Additionally, the property is just 3 blocks from the Windsor Park Metra Electric
station, o?ering tenants convenient transit access.
Chicago's historic South Shore neighborhood.
The unit mix is comprised entirely of two-bedroom apartments. Units feature spacious living areas with abundant natural light. A portion of the
units have updated kitchens with newer cabinets, granite countertops and stainless steel appliances. The property includes seven parking spots
on the private rear parking pad. The property o?ers the opportunity to acquire an asset with meaningful upside remaining in the rent roll, in an
area that has experienced strong rent growth.
The property is located just one block from Rainbow Beach. Additionally, the property is just 3 blocks from the Windsor Park Metra Electric
station, o?ering tenants convenient transit access.
Property Facts
| Price | $1,100,000 | Building Class | B |
| Price Per Unit | $84,615 | Lot Size | 0.23 AC |
| Sale Type | Investment | 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 | $1,100,000 |
| Price Per Unit | $84,615 |
| Sale Type | Investment |
| 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
- 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 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
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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