118 Unit South Chicago Multifamily Portf
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118 Unit South Chicago Multifamily Portf
5 Residential Properties Offered at £4,339,500 in Chicago, IL
Executive Summary
***REO PORTFOLIO SALE AND INCLUDES 5 BUILDINGS (118 TOTAL UNITS): (1) 8100-8110 S Paulina St, Chicago IL 60620, (2) 8200 S Paulina St, Chicago IL 60620, (3) 8102 S Maryland Ave, Chicago IL 60619, (4) 7157 S Yale Ave, Chicago IL 60621, (5) 7849 S Escanaba Ave, Chicago IL 60617. *** Financials are broker estimate. Buildings condition varies within the portfolio - speak with broker for more detail.
8100-8110 S Paulina St is a 31-unit building in Chicago's Southwest Auburn Gresham neighborhood. This building has a unit mix of 28 one bed/one bath units, and three (3) two bed/one bath units. This solid masonry building will require full renovation. Built in 1928 and boasting 32,404 sq ft of space, 8100-8110 S Paulina St offers a unique investment opportunity to contribute to the revitalization of Auburn Gresham.
8200 S Paulina St is a 19-unit building in Chicago's Southwest Auburn Gresham neighborhood. This building has a unit mix of six (6) one bed/one bath units, and thirteen (13) two bed/one bath units. Beautiful masonry building will require renovation. Built in 1927 and boasting 15,000 sq ft of space, 8200 S Paulina St offers a unique investment opportunity to contribute to the revitalization of Auburn Gresham.
8102 S Maryland Ave is a 26-unit building in Chicago's southwest Chatham neighborhood. This building is comprised of twenty-six (26) one bed/one bath units. Building is partially occupied with tenants but may require some light/moderate rehab. Built in 1930 and boasting 25,184 sq ft of space, 8102 S Maryland Ave offers a unique investment opportunity to contribute to the revitalization of the Chatham neighborhood.
7157 S Yale Ave is a 12-unit building in Chicago's southwest Englewood neighborhood. This building has a unit mix of twelve large (12) one bed/one bath units, varying in sq ft and projected market rent. This REO property will require moderate cosmetic rehab but is a solid building. Built in 1905 and boasting 11,181 sq ft of space, 7157 S Yale Ave offers a unique investment opportunity to contribute to the revitalization of Englewood. Property is also located in TIF district.
7849 S Escanaba Ave is a 24-unit building in Chicago's South-Lakefront South Shore neighborhood. Property is also located in TIF district. This property has a unit mix of six (6) storefronts, twelve (12) one bed/one bath units, three (3) two bed/one bath units, and nine (9) 3 bed/1 bath units. This beautiful masonry building will require moderate renovation. Built in 1930 and boasting 27,000 sq ft of space, 7849 S Escanaba Ave offers a unique opportunity to contribute to the continued enrichment of the South Shore neighborhood.
8100-8110 S Paulina St is a 31-unit building in Chicago's Southwest Auburn Gresham neighborhood. This building has a unit mix of 28 one bed/one bath units, and three (3) two bed/one bath units. This solid masonry building will require full renovation. Built in 1928 and boasting 32,404 sq ft of space, 8100-8110 S Paulina St offers a unique investment opportunity to contribute to the revitalization of Auburn Gresham.
8200 S Paulina St is a 19-unit building in Chicago's Southwest Auburn Gresham neighborhood. This building has a unit mix of six (6) one bed/one bath units, and thirteen (13) two bed/one bath units. Beautiful masonry building will require renovation. Built in 1927 and boasting 15,000 sq ft of space, 8200 S Paulina St offers a unique investment opportunity to contribute to the revitalization of Auburn Gresham.
8102 S Maryland Ave is a 26-unit building in Chicago's southwest Chatham neighborhood. This building is comprised of twenty-six (26) one bed/one bath units. Building is partially occupied with tenants but may require some light/moderate rehab. Built in 1930 and boasting 25,184 sq ft of space, 8102 S Maryland Ave offers a unique investment opportunity to contribute to the revitalization of the Chatham neighborhood.
7157 S Yale Ave is a 12-unit building in Chicago's southwest Englewood neighborhood. This building has a unit mix of twelve large (12) one bed/one bath units, varying in sq ft and projected market rent. This REO property will require moderate cosmetic rehab but is a solid building. Built in 1905 and boasting 11,181 sq ft of space, 7157 S Yale Ave offers a unique investment opportunity to contribute to the revitalization of Englewood. Property is also located in TIF district.
7849 S Escanaba Ave is a 24-unit building in Chicago's South-Lakefront South Shore neighborhood. Property is also located in TIF district. This property has a unit mix of six (6) storefronts, twelve (12) one bed/one bath units, three (3) two bed/one bath units, and nine (9) 3 bed/1 bath units. This beautiful masonry building will require moderate renovation. Built in 1930 and boasting 27,000 sq ft of space, 7849 S Escanaba Ave offers a unique opportunity to contribute to the continued enrichment of the South Shore neighborhood.
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Pro forma - 2024) |
Annual |
|---|---|
| Gross Rental Income |
£1,058,996
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
£1,058,996
|
| Taxes |
£84,004
|
| Operating Expenses |
£266,307
|
| Total Expenses |
£350,311
|
| Net Operating Income |
£708,685
|
Taxes & Operating Expenses (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £1,058,996 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | £1,058,996 |
| Taxes | |
|---|---|
| Annual | £84,004 |
| Operating Expenses | |
|---|---|
| Annual | £266,307 |
| Total Expenses | |
|---|---|
| Annual | £350,311 |
| Net Operating Income | |
|---|---|
| Annual | £708,685 |
Property Facts
| Price | £4,339,500 | Status | Active |
| Price / SF | £39.18 / SF | Number of Properties | 5 |
| Sale Conditions | REO Sale | Individually For Sale | 0 |
| Net Initial Yield | 16.33% | Total Building Size | 110,769 SF |
| Sale Type | Investment | Total Land Area | 1.57 AC |
| Price | £4,339,500 |
| Price / SF | £39.18 / SF |
| Sale Conditions | REO Sale |
| Net Initial Yield | 16.33% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 110,769 SF |
| Total Land Area | 1.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7157 S Yale Ave, Chicago, IL 60621 | Residential | 11,181 SF | 1905 | - |
| 8100-8110 S Paulina St, Chicago, IL 60620 | Residential | 32,404 SF | 1928 | - |
| 8102 S Maryland Ave, Chicago, IL 60619 | Residential | 25,184 SF | 1930 | - |
| 8200 S Paulina St, Chicago, IL 60620 | Residential | 15,000 SF | 1927 | - |
| 7849 S Escanaba Ave, Chicago, IL 60649 | Residential | 27,000 SF | 1930 | - |
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118 Unit South Chicago Multifamily Portf
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