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8222 S Martin Luther King Dr
Chicago, IL 60619 Chatham

$1,050,000 USD

Apartments For Sale  •  13,422 SF

Property Details

  • Property Type Apartments
  • Total Building Size 13,422 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1965
  • Zoning CE
68 Transit Score
77 Walk Score

Highlights

Value add opportunity through cosmetic updates and adjusting to market rents
Ability to achieve 11%+ cap rate with light cosmetic renovation
Beautiful courtyard for tenants' enjoyment
Convenient location with proximity to both I-90 and Metra Electric

Public Transportation

Commuter RailDriveWalkDistance
83rd Street (Avalon Park) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min 18 min 0.9 mi
3 min - 1.3 mi
Transit/SubwayDriveWalkDistance
83rd Street (Avalon Park) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min 18 min 0.9 mi
79th Street Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 19 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 19 min - 9.7 mi
Chicago O'Hare International 65 min - 30.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Lucas Fryman 312-477-0197 Interra Realty
Lucas Fryman 312-477-0197 Interra Realty