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6900 S Vernon Ave
Chicago, IL 60637 Greater Grand Crossing

$1,049,000 USD

Apartments For Sale  •  7,054 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,054 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1910
  • Zoning B2-3
76 Transit Score
71 Walk Score

Highlights

The property underwent a full renovation in 2018, ensuring modern {nishes and updated systems for long-term value.
Within walking distance to the King Drive Green Line stop, offering great public transportation options
Current cap rate of 8.8%, projected to increase to 10.1% on a stabilized basis
Convenient access to the 94 highway, providing easy commuting options for tenants.
Ability to increase 1-bedroom rents to $1,200 from their current $1,070 average and opportunity to push 2-bedroom rents to $1,350 from their $1,217 cu

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
75Th Street (Grand Crossing) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.5 mi
63Rd Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra), South Shore Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 2.1 mi
Transit/SubwayDriveWalkDistance
69Th Street Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 11 min 0.6 mi
King Drive Station (Green Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 16 min 0.8 mi
AirportDriveWalkDistance
Chicago Midway International 17 min - 9.0 mi
Chicago O'Hare International 40 min - 26.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: No
Robert Berman 312-610-1706 Nara Realty Advisors
Robert Berman 312-610-1706 Nara Realty Advisors