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836 S Morgan St
Chicago, IL 60607 University Village

$1,350,000 USD

Multifamily For Sale  •  2,960 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,960 SF
  • Year Built 1968
90 Transit Score
90 Walk Score

Highlights

Exceptionally rare opportunity to acquire one of only three rental properties on Morgan Street directly across from the UIC campus.
Fully occupied three-unit property with written leases through July 31, 2027, generating $108,900 in annual contract rent.
Trailing net operating income of $91,638, representing a 6.79% capitalization rate at the $1,350,000 asking price.

Public Transportation

Commuter RailDriveWalkDistance
Halsted Street (Burlington Northern - Metra) 2 min 18 min 0.9 mi
Chicago Union Station (Burlington Northern - Amtrak, Heritage Corridor - Amtrak, Hiawatha Service - Amtrak, Lincoln Service Missouri River Runner - Amtrak, Milwaukee North - Amtrak, Milwaukee West - Amtrak, Pere Marquette - Amtrak, Saluki - Amtrak, Southwest Service - Amtrak, Texas Eagle - Amtrak) 4 min - 1.4 mi
Transit/SubwayDriveWalkDistance
Uic-Halsted Station (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 8 min 0.4 mi
Racine Station (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 14 min 0.7 mi
Clinton Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 15 min 0.8 mi
Morgan (Green Line - Chicago Transit Authority) 4 min 19 min 1.0 mi
Polk Station (Pink Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 20 min 1.1 mi
AirportDriveWalkDistance
Chicago Midway International 16 min - 9.8 mi
Chicago O'Hare International 28 min - 18.3 mi
William Lundy 708-921-7952 Brookline Real Estate
William Lundy 708-921-7952 Brookline Real Estate