UChicago Anchored Medical Portfolio FOR SALE


Chicago, IL - Morgan Park
$3,845,000 USD
708-288-3321
, Chicago, IL for Sale
$3,845,000 USD
FOR SALE
1/5
null | 7.62% Cap Rate

UChicago Anchored Medical Portfolio
Chicago, IL
Morgan Park


HIGHLIGHTS

  • 78% leased to 3 established medical tenants and 1 residential tenant
  • Located in the Beverly/Morgan Park neighborhood across the street from the Smith Village Senior Living Community (100 units) and Kennedy Park
  • Notable tenant: Primary Healthcare Associates, S.C. an affiliate of UChicago Medicine Medical group occupies its own building
  • Upside provided by Vacant Land, ready for mixed-use or residential development or can be used as additional parking
  • Dense urban area: 164,135 people within 3-miles

OVERVIEW

CapRock Realty is proud to present the UChicago-Anchored Medical Office Value-Add Portfolio, an exceptional investment opportunity located at 11222–11226, 11238, 11240, and 11250 S Western Avenue, in Chicago’s highly regarded Beverly/Morgan Park neighborhood. Strategically positioned directly across from Smith Village Senior Living Community (100 units) and Kennedy Park, an 18.44-acre community hub featuring baseball diamonds, a swimming pool, playground, roller rink, and spray pool, this portfolio benefits from strong community foot traffic and visibility. The offering includes three medical office buildings totaling 14,923 square feet, currently 78% leased, along with three contiguous parcels of land totaling 9,375 square feet—ideal for future development or parking expansion. The tenant mix is primarily medical, with one residential occupant, and offers immediate upside through lease-up and repositioning strategies. The site enjoys excellent visibility and accessibility, with traffic counts of approximately 14,300 vehicles per day (VPD) on Western Avenue and 19,800 VPD on 111th Street, providing strong exposure to both local residents and commuters. This value-add portfolio presents a rare opportunity to acquire a UChicago-affiliated asset in a supply-constrained submarket with built-in demand drivers and long-term growth potential.

ASK ABOUT THIS PROPERTY

Fabian SahagunCapRock Real EstateMore Info
708-288-3321

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Fabian SahagunCapRock Real EstateMore Info
708-288-3321

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