6920-6930 S Oglesby Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$2,035,000 USD
312-477-0197
6920-6930 S Oglesby Ave, Chicago, IL for Sale
$2,035,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

6920-6930 S Oglesby Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Attractive Entry Price Point
  • Excellent Mix of Studio, 1, 2, and 3-Bedroom Units
  • Highly Desirable Jackson Park Location

OVERVIEW

Interra Realty is pleased to exclusively list for sale 6920 S Oglesby Ave. Located in the Jackson Park neighborhood on the south side of Chicago, the subject property is an attractive thirty-seven (37) unit courtyard building. The property features a highly desirable mix of studio, one, two, and three-bedroom apartments. Units are in varying condition, with some needing minor cosmetic improvements, while others require significant construction to become habitable. The property presents qualified investors the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. Through the purchase and rehab of the property, investors have the opportunity to build their own rent roll and achieve a 8.4%+ cap rate. Situated just a blocks from Jackson Park, South Shore golf course, and Lake Michigan, the location offers tenants premier access to some of the most popular public amenities.

FOR SALE DETAILS

PRICE

$2,035,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

37

PRICE/UNIT

$55,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

RM-5

APN/PARCEL ID

20-24-419-008-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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Lucas FrymanInterra RealtyMore Info
312-477-0197

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