7846 S Exchange Ave
Chicago, IL 60649
7846 S Exchange · Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Building Size | 5,200 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2018 |
| Building Class | C | Parking Ratio | 0.77/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | R4, Chicago - RT-4 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2018 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | R4, Chicago - RT-4 |
About 7846 S EXCHANGE AVE , CHICAGO, IL 60649
Essex Realty Group Inc. is proud to announce our exclusive engagement to market the sale of 7846 S. Exchange Ave, a 10 unit multifamily building located in Chicago's South Shore neighborhood. This California style building consists of ten (10) 1-bedroom apartments. Located in Chicago's historic South Shore neighborhood, this property is close to many of the area's attractions. Rainbow beach is located just 0.8 miles from the subject property. The Cheltenham/79th St. Metra station is located just across the street making Chicago's downtown very accessible. OPPORTUNITY This property has been meticulously maintained by the building manager who has recently rehabbed eight (8) of the ten (10) units with new copper plumbing installed in the kitchens and bathrooms. The hardwood floors within the units have also been replaced during the rehab. Additionally, the windows on most of the units have been repaired, a new laundry facility has been installed to generate additional revenue and the building's balcony has been newly reinforced by the current owner. The rents for the units are currently under market with the possibility of a 20% increase to meet market rent. The 6 surface parking spots are not currently being monetized leaving a new owner the possibility of generating additional revenue.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 520 |
Property Taxes
| Parcel Number | 21-30-409-004-0000 | Improvements Assessment | $41,850 |
| Land Assessment | $9,250 | Total Assessment | $51,100 |
Property Taxes
