6811 S Paxton Ave - Apartments FOR SALE


Chicago, IL 60649
$2,600,000 USD
773-293-5090
6811 S Paxton Ave, Chicago, IL for Sale
$2,600,000 USD
Apartments - FOR SALE
1/8
null | 8.38% Cap Rate

6811 S Paxton Ave
Chicago, IL 60649


HIGHLIGHTS

  • Prime Jackson Park Location
  • Ten (10) 1Bd/1Ba, Ten (10) 2Bd/1Ba, Four (4) 3Bd/1Ba, Four (4) Studios, & One (1) 3Bd/1.5Ba
  • Renovated Kitchens & Baths
  • Newer Roof & Elevator
  • Close Proximity to Lake Michigan & Obama Presidential Library

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 6811 S. Paxton, a twenty-nine (29) unit apartment building in Chicago's historic Jackson Park neighborhood. Located in one of the most sought after pockets just seven (7) miles south of Chicago's downtown, the building sits blocks away from Lake Michigan and the South Shore Cultural Center, and also sits adjacent to Jackson Park - the future site of the Obama Presidential Library and renowned Jackson Park Golf Course. 6811 S. Paxton is comprised of ten (10) 1Bd/1Ba, ten (10) 2Bd/1Ba, four (4) 3Bd/1Ba, four (4) Studios, and one (1) 3Bd/1.5Ba unit. All of which, however, feature spacious layouts and have renovated kitchens and baths. Further improvements to the building include, but are not limited to, an updated elevator, newer roof, and an abundance of masonry & tuckpointing work. 6811 S. Paxton presents an investor with the opportunity to acquire a property in one of Chicago's most desirable and appreciating neighborhoods. While the neighborhood has seen unprecedented growth over the past few years, further developments continue to aid the neighborhoods growth. With the addition of both the Presidential Library and the newly designed Jackson Park Golf Course, the neighborhood is slated to continue to further appreciate.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

29

PRICE/UNIT

$89,655

CAP RATE

8.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RM-5, Chicago

APN/PARCEL ID

20-24-411-002-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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