South Chicagoland Portfolio
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South Chicagoland Portfolio
13 Multifamily Properties Offered at $19,267,680 CAD in Multiple Locations
Investment Highlights
- Assumable Debt: 3.488% IR, 65% LTV, $8,935,974 current balance and six years of term remaining
- Well-balanced unit mix of two-bedrooms, one-bedrooms, studios, and commercial spaces
- Updated mechanical systems, tuckpointing, security, and unit finishes
- Largely subsidized rent roll with 93% in-place occupancy
Executive Summary
Marcus & Millichap is pleased to present this rarely available investment opportunity, consisting of 13 multifamily buildings and a total of 194 units located in the neighborhoods of Washington Park, Riverdale, and Englewood.
This fully renovated portfolio offers a well-balanced unit mix, including 124 two-bedroom apartments, 62 one-bedroom apartments, one studio, and seven commercial spaces. Each building was completely overhauled in 2020 and features updated mechanical systems, tuckpointing, security, and cosmetic improvements throughout most units. Three of the properties located at 5450 S Indiana Ave (29 units), 6643 S Perry Ave (12 units), and 6731 S Perry Ave (15 units) have been further improved with individual furnaces and hot water heaters.
This investment offers highly attractive assumable debt at a 3.488% interest rate, with an outstanding loan balance of $8,935,974 as of December 2024, and Six years of term remaining. High occupancy, 88% subsidized tenants, and excellent in-place financing, present a stable income stream with exceptional cash-on-cash returns.
This fully renovated portfolio offers a well-balanced unit mix, including 124 two-bedroom apartments, 62 one-bedroom apartments, one studio, and seven commercial spaces. Each building was completely overhauled in 2020 and features updated mechanical systems, tuckpointing, security, and cosmetic improvements throughout most units. Three of the properties located at 5450 S Indiana Ave (29 units), 6643 S Perry Ave (12 units), and 6731 S Perry Ave (15 units) have been further improved with individual furnaces and hot water heaters.
This investment offers highly attractive assumable debt at a 3.488% interest rate, with an outstanding loan balance of $8,935,974 as of December 2024, and Six years of term remaining. High occupancy, 88% subsidized tenants, and excellent in-place financing, present a stable income stream with exceptional cash-on-cash returns.
Taxes & Operating Expenses (Actual - 2023) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$1,629,937
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,629,937 |
Property Facts
| Price | $19,267,680 CAD | Status | Active |
| Price / SF | $105.26 CAD / SF | Number of Properties | 13 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.46% | Total Building Size | 183,043 SF |
| Sale Type | Investment | Total Land Area | 2.78 AC |
| Price | $19,267,680 CAD |
| Price / SF | $105.26 CAD / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 8.46% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 13 |
| Individually For Sale | 0 |
| Total Building Size | 183,043 SF |
| Total Land Area | 2.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5450-5452 S Indiana Ave, Chicago, IL 60615 | Multifamily | 19,700 SF | 1907 | - |
| 14113 S Stewart, Riverdale, IL 60827 | Multifamily | 10,199 SF | 1966 | - |
| 14144 S School St, Riverdale, IL 60827 | Multifamily | 11,904 SF | 1971 | - |
| 6643-6645 S Perry Ave, Chicago, IL 60621 | Multifamily | 10,500 SF | 1928 | - |
|
RIVERDALE, IL
14103 S Tracy Ave, Riverdale, IL 60827 |
Multifamily | 15,848 SF | 1963 | - |
| 14108 S Tracy Ave, Riverdale, IL 60827 | Multifamily | 9,204 SF | - | - |
| 14112-14114 S Tracy Ave, Riverdale, IL 60827 | Multifamily | 9,204 SF | - | - |
| 14113 S Tracy Ave, Riverdale, IL 60827 | Multifamily | 24,553 SF | - | - |
| 14029-14031 S Atlantic Ave, Riverdale, IL 60827 | Multifamily | 9,468 SF | - | - |
| 14033-14035 S Atlantic Ave, Riverdale, IL 60827 | Multifamily | 22,512 SF | - | - |
| 14036 S Atlantic Ave, Riverdale, IL 60827 | Multifamily | 10,675 SF | - | - |
|
Courtyards
14100 S Atlantic Ave, Riverdale, IL 60827 |
Multifamily | 17,274 SF | 1965 | - |
| 6733 S Perry, Chicago, IL 60621 | Multifamily | 12,000 SF | 1928 | - |
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