630-550-1515
6811 S Paxton Ave, Chicago, IL for Sale
Apartments - FOR SALE
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6811 S Paxton Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Near Obama Presidential Center, a federal-museum-grade campus expected to drive measurable rent and value lift in the immediate trade area.
  • Jackson Park Highlands is one of the most architecturally distinguished and protected enclaves on Chicago's South Side.
  • 100% Vacant.
  • Buyer takes delivery with a clear path to repositioning at market rents.
  • No legacy delinquency to clear and limited tenant turn risk on stabilization.
  • Subject market rents range from $1,050 (studio) to $1,700 (3BR) per unit.

OVERVIEW

6811 S. Paxton Avenue, a 29-unit multifamily apartment building located in Chicago’s South Shore neighborhood on the east side of Paxton Avenue, between 68th and 69th Streets. Offered via competitive auction, the property represents a rare opportunity to acquire a multifamily asset at auction-driven pricing with immediate lease-up upside. The South Shore neighborhood is approximately 10 miles south of downtown Chicago and is home to more than 150,000 residents within a three-mile radius, providing a stable and demand-driven renter base. The property benefits from exceptional transit connectivity via Lake Shore Drive and the Chatham/79th Metra Station, as well as proximity to I-90, making daily commuting to downtown Chicago straightforward and accessible. Essential retail, including Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesars Pizza, serves the immediate community. Investors seeking exposure to Chicago’s value-add multifamily sector at a reset basis will find this property an attractive platform for repositioning. Tours scheduled on June 4th & 18th.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

29

CAP RATE

Request Cap Rate

% LEASED

0%

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

Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

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Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

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