8155 S Marshfield Ave - Apartments FOR SALE


Chicago, IL 60620- Gresham
$700,000 USD
773-615-2626
8155 S Marshfield Ave, Chicago, IL for Sale
$700,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

8155 S Marshfield Ave
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • Gresham is a long-established South Side Chicago community bounded by 79th, Halsted, 87th, and Damen
  • Dense, transit-served neighborhood with an entrenched renter base.
  • Strongest 1BR rent tier in the submarket

OVERVIEW

33 Realty presents 8155 S Marshfield Avenue — an 18-unit, 100% vacant multifamily reposition opportunity in Chicago's Gresham submarket. The asset offers a clean unit mix of all 1BR/1BA layouts, providing a buyer with full control to execute a unit-by-unit interior renovation and stabilize the asset at market rents. The buyer acquires a clean slate. With $810,000 ($45,000/door) of underwritten rehab capital folded into financing, the asset stabilizes at $146,888 NOI on $277,020 of effective gross income. Vacant delivery removes tenant displacement risk and lets a new owner deliver renovated product directly into the strongest 1BR rent tier in the submarket.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

18

PRICE/UNIT

$38,889

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

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RT-4

APN/PARCEL ID

20-31-223-017-0000

ASK ABOUT THIS PROPERTY

Brian Mond33 RealtyMore Info
773-615-2626

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Brian Mond33 RealtyMore Info
773-615-2626

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