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The Westbrook 7901 S Racine Ave

33 Unit Apartment Building $3,155,571 CAD ($95,623 CAD/Unit) Chicago, IL 60620

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Executive Summary

Presenting a prime opportunity for cornerstone investment on 79th and Racine. This beautiful 33 Unit mixed-use property, with RT-4 zoning, is strategically located in the Auburn Gresham area of Chicago. adjacent to Walgreen and BJs Market. Directly opposite WalgreensBoasting a structure designed for multifamily use, this property holds immense potential for mid-rise development. With its expansive square footage and appropriate zoning, investors have the flexibility to capitalize on the growing demand for high-quality multifamily residences in this vibrant market. The property's RT-4 zoning further enhances its appeal, offering potential for a variety of development options to meet the needs of this thriving community, making it an ideal prospect for mid-rise investors seeking a strategic investment in the 79th street corridor.

7901 S Racine - Sale Brochure _L_

Property Facts

Price	$3,155,571 CAD	Apartment Style	Low Rise
Price Per Unit	$95,623 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.30 AC
Sale Conditions	Distress Sale	Building Size	36,150 SF
No. Units	33	Average Occupancy	100%
Property Type	Multifamily	No. Stories	3
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Year Built/Renovated	1931/2016

Price	$3,155,571 CAD
Price Per Unit	$95,623 CAD
Sale Type	Investment
Sale Conditions	Distress Sale
No. Units	33
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.30 AC
Building Size	36,150 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1931/2016