847-975-8358
8250-58 S Racine Ave, Chicago, IL for Sale
Apartments - FOR SALE
1/23
null | Request Cap Rate

8250-58 S Racine Ave
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • Three-story mixed-use, featuring 20 multifamily units and five retail units just south of Downtown Chicago presents substantial value-add potential.
  • Prime location on a high-visibility corner with over 14,000 daily vehicles, close to major transit hubs and the Dan Ryan Expressway.
  • Investors can increase income by leasing vacant retail spaces and stabilizing multifamily occupancy.
  • Auburn Gresham provides excellent public transit options ensuring seamless connectivity to Downtown Chicago and surrounding areas.
  • With no new multifamily developments since 2014, the area benefits from constrained supply, strong rent growth, and a dense renter population.
  • Abundant amenities include parks, The Beverly Country Club, and national retailers such as Walmart, Lowe’s, Whole Foods, Dollar General, and Aldi.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lender Driven Sale | Mixed Use in Chicago

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

B3-2

APN/PARCEL ID

20-32-131-035-0000

ASK ABOUT THIS PROPERTY

Tyler HagueColliersMore Info
847-975-8358

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Tyler HagueColliersMore Info
847-975-8358

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