847-975-8358
7549 S Kingston Ave
Chicago, IL 60649
South Shore
HIGHLIGHTS
- First-lien note sale on a 31-unit South Shore apartment building, offering control through a secured position and payment default scenario.
- Positioned in Chicago's resurging South Shore, just blocks from the commercial corridor and walking distance to Rainbow Beach.
- Attractive 4.33% interest rate on the original loan term with 136 months remaining, creating long-term note income potential.
- Balanced unit mix of 15 large one-bedrooms and 16 spacious two-bedrooms supports broad tenant demand and leasing appeal.
- Value-add upside through rent growth, operational improvements, and potential one-bedroom conversions targeting double-digit returns.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
First-Lien South Shore Apt Note Sale
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1923
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.35 AC
LAND SF
15,420 SF
ZONING
RT-4, Chicago
APN/PARCEL ID
21-30-303-008-0000
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847-975-8358
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847-975-8358
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