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Ellis Avenue Portfolio
Chicago, IL Chatham

$1,800,000 USD

Multifamily For Sale  •  23,625 SF

2 Properties View all

Property Details

  • Property Type Multifamily
  • Cap Rate 9.06 %
65 Transit Score
85 Walk Score

Highlights

VALUE-ADD POTENTIAL: With current average rents well below comparable properties, new ownership can capture an additional $60,000+ in revenue
ATTRACTIVE ENTRY BASIS: In-place 9.06% cap rate with a 13.50% cash-on-cash return from day one.
PRIME LOCATION: Situated in the heart of Chatham, a neighborhood experiencing strong rent growth and steady appreciation.
Cap Rate: 9.06 %

Public Transportation

Commuter RailDriveWalkDistance
1 min 6 min 0.3 mi
83rd Street (Avalon Park) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 9 min 0.4 mi
Transit/SubwayDriveWalkDistance
83rd Street (Avalon Park) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 9 min 0.4 mi
75th Street (Grand Crossing) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min 17 min 0.9 mi
87th Street (Woodruff) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min 20 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 21 min - 10.9 mi
Chicago O'Hare International 43 min - 28.0 mi
Kyle Stengle 312-327-5455 Marcus & Millichap
Kyle Stengle 312-327-5455 Marcus & Millichap