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Ellis Avenue Portfolio 2 Multifamily Properties Offered at $1,800,000 in Chicago, IL
Investment Highlights
- VALUE-ADD POTENTIAL: With current average rents well below comparable properties, new ownership can capture an additional $60,000+ in revenue
- PRIME LOCATION: Situated in the heart of Chatham, a neighborhood experiencing strong rent growth and steady appreciation.
- ATTRACTIVE ENTRY BASIS: In-place 9.06% cap rate with a 13.50% cash-on-cash return from day one.
Property Facts
| Price | $1,800,000 | Number of Properties | 2 |
| Price / SF | $76.19 / SF | Individually For Sale | 0 |
| Cap Rate | 9.06% | Total Building Size | 23,625 SF |
| Sale Type | Investment | Total Land Area | 0.32 AC |
| Status | Active |
| Price | $1,800,000 |
| Price / SF | $76.19 / SF |
| Cap Rate | 9.06% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 23,625 SF |
| Total Land Area | 0.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7957-7959 S Ellis Ave, Chicago, IL 60619 | Multifamily | 15,369 SF | 1925 | - |
| 7945-7947 S Ellis Ave, Chicago, IL 60619 | Multifamily | 8,256 SF | 1929 | - |
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Ellis Avenue Portfolio
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