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3075 E Cheltenham Pl
Chicago, IL 60649 South Shore

$5,650,000 USD

Apartments For Sale • 39,652 SF

Property Details

Property Type Apartments
Total Building Size 39,652 SF
Lot Size 0.63 AC
Building Class C
Year Built 1951
Cap Rate 9.10 %
Zoning RM-5

68 Transit Score

63 Walk Score

                
                    Highlights
                
                                Stabilized / Proforma Cap Rate of 9.10% / 10.85% Cash on Cash: 13.64% / 20.65%
                            
                                Recent $2,000,000+ Renovation Completed
                            
                                Below Market Rents and High Vacancy Provide Immediate Upside
                            
                                Strong South Shore Location – Steps from Lake Michigan and the $20B Quantum Computing Campus Development

Cap Rate:

9.10 %

Amenities

24 Hour Access
Cable Ready
Controlled Access
Tenant Controlled HVAC
Heating
Recycling
Kitchen
Granite Countertops
Refrigerator
Oven
Range
Double Pane Windows
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Cheltenham Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	4 min	0.3 mi
83Rd Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	2 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Chicago Midway International	25 min	-	12.9 mi
Chicago O'Hare International	46 min	-	29.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	32
Type:	SurfaceTandem
Included in Rent:	Yes

Kyle Stengle 312-327-5455 Marcus & Millichap

3075 E Cheltenham Pl Chicago, IL 60649 South Shore