6700 S Clyde Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$2,150,000 USD
312-254-0307
6700 S Clyde Ave, Chicago, IL for Sale
$2,150,000 USD
Apartments - FOR SALE
1/5
null | 8% Cap Rate

6700 S Clyde Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Excellent Unit Mix of One, Two & Three Bedroom Units (Many with Primary En-Suites)
  • Across from Jackson Park Gold Course & Harbor along Lake Michigan, Lakefront Trails & Beaches
  • Walking distance from the Obama Presidential Library
  • Very Attractive Assumable Fannie Mae Debt (See OM for details)

OVERVIEW

Step into a prime investment opportunity in the heart of South Shore! This beautifully maintained 13-unit multifamily building offers both immediate income potential and long-term appreciation. Each spacious unit features generously sized bedrooms, updated kitchens, and modern finishes while maintaining the building's original charm. Perfect for investors who are in a 1031-exchange, move-up investor, out of state buyer, looking for a property that offers flexibility and value in an appreciating neighborhood. Property Highlights include: 1.Thirteen (13) fully occupied units generating consistent rental income. 2. Updated mechanical and well-maintained common areas. 3. Potential for increased cash flow through strategic upgrades. 4. Ideal location near Jackson Park, the upcoming Obama Presidential Center, and Lake Michigan. With close proximity to public transportation, local shopping, dining, and cultural landmarks, this property is situated in a rapidly developing corridor. Don't miss your chance to secure a solid investment in one of Chicago's most promising neighborhoods. Offering Memorandum available upon request!

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

13

PRICE/UNIT

$165,385

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1934

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RM-5

APN/PARCEL ID

20-24-401-035-0000

ASK ABOUT THIS PROPERTY

Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-254-0307

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-254-0307

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.