8701 S Clyde Ave - Apartments FOR SALE


Chicago, IL 60617- Calumet Heights
$825,000 USD
773-615-2626
8701 S Clyde Ave, Chicago, IL for Sale
$825,000 USD
Apartments - FOR SALE
1/13
null | 8.89% Cap Rate

8701 S Clyde Ave
Chicago, IL 60617
Calumet Heights


HIGHLIGHTS

  • Nine-unit stabilized building with a mix of one- and two-bedroom apartments.
  • Approximately 44% of units supported by CHA vouchers, providing guaranteed rental income.
  • Excellent accessibility to I-90, the Red Line, and Lake Michigan recreational areas.
  • Steps from the 87th Street retail district and close to medical facilities like Advocate Trinity Hospital.
  • Underwritten NOI growth from $58,339 in place to $68,606 stabilized demonstrates income upside.

OVERVIEW

33 Realty presents 8701 S Clyde Avenue — a value-add 9-unit multifamily asset in South Chicago. Very large units with upside in rents and up to date mechanicals. The property delivers a clean seven ×1BR/1BA + two ×2BR/1BA unit mix in a vintage masonry walk-up. The asset is 89% occupied at acquisition with rent upside and several units with tenants subsidized by Chicago Housing Authority voucher tenants — providing government-backed rental income at or above market rents.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

9

PRICE/UNIT

$91,667

CAP RATE

8.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,435 SF

ZONING

10

APN/PARCEL ID

25-01-202-049-0000

ASK ABOUT THIS PROPERTY

Brian Mond33 RealtyMore Info
773-615-2626

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

Brian Mond33 RealtyMore Info
773-615-2626

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