3.34% Loan-The Douglass Portfolio 7 Multifamily Properties Offered at £24,729,601 in Chicago, IL
INVESTMENT HIGHLIGHTS
- 9.28% Cap Rate
- Assumable Debt at 3.34% Interest Rate
- 95% Subsidized Tenants
- Completely Gut Renovated
EXECUTIVE SUMMARY
7 Building Portfolio: 328 Total Units
7635 S. East End: 26 Units
7748 S. Essex: 32 Units
7927 S. Marquette: 17 Units
6531 S. Lowe: 188 Units
7625 S. Eat End: 25 Units
7800 S. Sangamon: 21 Units
8056 S. Marshfield: 19 Units
Over 92% Occupied
Assumable financing: $19.6 million remaining, 3.34% interest rate
7635 S. East End: 26 Units
7748 S. Essex: 32 Units
7927 S. Marquette: 17 Units
6531 S. Lowe: 188 Units
7625 S. Eat End: 25 Units
7800 S. Sangamon: 21 Units
8056 S. Marshfield: 19 Units
Over 92% Occupied
Assumable financing: $19.6 million remaining, 3.34% interest rate
PROPERTY FACTS
| Price | £24,729,601 |
| Price / SF | £70.18 / SF |
| Net Initial Yield | 9.28% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 352,370 SF |
| Total Land Area | 4.23 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 8054 S Marshfield Ave, Chicago, IL 60620 | Multifamily | 12,700 SF | 1925 | - |
| 7635-7645 S East End Ave, Chicago, IL 60649 | Multifamily | 15,850 SF | 1930 | - |
|
Eastwood Garden Apartments
6531 S Lowe Ave, Chicago, IL 60621 |
Multifamily | 206,322 SF | 1974 | - |
|
7748 S Essex Ave
7748 S Essex Ave, Chicago, IL 60649 |
Multifamily | 17,498 SF | 1929 | - |
| 7625 S East End Ave, Chicago, IL 60649 | Multifamily | 40,800 SF | 1923 | - |
|
South Shore Courtyard
7927 S Marquette Ave, Chicago, IL 60617 |
Multifamily | 9,200 SF | 1927 | - |
| 7800 S Sangamon St, Chicago, IL 60620 | Multifamily | 50,000 SF | 1922 | - |
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