6952-6958 S Paxton Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$1,705,000 USD
312-477-0197
6952-6958 S Paxton Ave, Chicago, IL for Sale
$1,705,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

6952-6958 S Paxton Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Attractive Entry Price Point
  • Optimal Mix of Studio, One, and Two-Bedroom Apartments
  • Value add opportunity with potential to achieve 9.79%+ cap rate
  • Highly Desirable Jackson Park Neighborhood

OVERVIEW

Interra Realty is pleased to present for sale 6952 S Paxton Ave. Located in the Jackson Park neighborhood on the south side of Chicago, the subject property is a thirty-one (31) unit courtyard building. The property features a highly desirable mix of studio, one, and two-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. The building is currently vacant and in need of improvement. Through the purchase and rehab of the property, investors are positioned to build their own rent roll and capture strong market rents. Situated just 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

$1,705,000 USD

PRICE/SF

$73 USD /SF

# OF UNITS

31

PRICE/UNIT

$55,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

RM-5

APN/PARCEL ID

20-24-417-025-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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

Lucas FrymanInterra RealtyMore Info
312-477-0197

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