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6700 S Clyde Ave 13 Unit Apartment Building $2,713,644 CAD ($208,742 CAD/Unit) 8.50% Cap Rate Chicago, IL 60649



Investment Highlights
- Three (3) 3Bd/2Ba, Six (6) 2Bd/2Ba, Three (3) 2Bd/1Ba, & 1Bd/1Ba Units
- Modern Kitchens and Baths w/ In-Unit Laundry
- New Electric Service & 100% Copper Plumbing
- Prime Jackson Park Location
Executive Summary
Kiser Group is pleased to exclusively present for purchase 6700 S. Clyde Ave, thirteen (13) unit apartment building in Chicago's historic Jackson Park neighborhood. Located in one of the most sought after pockets just seven (7) miles south of Chicago's downtown, the building sits blocks away from Lake Michigan and the South Shore Cultural Center, and also sits adjacent to Jackson Park - the future site of the Obama Presidential Library and renowned Jackson Park Golf Course.
6700 S. Clyde is comprised of six (6) 2Bd/2Ba, three (3) 2Bd/1Ba, three (3) 3Bd/2Ba, & one (1) 1Bd/1Ba unit. All of which, however, feature spacious layouts and have renovated kitchens and baths. Further improvements to the building include, but are not limited to, an updated electric, copper plumbing, individual furnaces, individual water tanks, and in unit laundry.
6700 S. Clyde presents an investor with the opportunity to acquire a property in one of Chicago's most desirable and appreciating neighborhoods. While the neighborhood has seen unprecedented growth over the past few years, further developments continue to aid the neighborhoods growth. With the addition of both the Presidential Library and the newly designed Jackson Park Golf Course, the neighborhood is slated to continue to further appreciate.
6700 S. Clyde is comprised of six (6) 2Bd/2Ba, three (3) 2Bd/1Ba, three (3) 3Bd/2Ba, & one (1) 1Bd/1Ba unit. All of which, however, feature spacious layouts and have renovated kitchens and baths. Further improvements to the building include, but are not limited to, an updated electric, copper plumbing, individual furnaces, individual water tanks, and in unit laundry.
6700 S. Clyde presents an investor with the opportunity to acquire a property in one of Chicago's most desirable and appreciating neighborhoods. While the neighborhood has seen unprecedented growth over the past few years, further developments continue to aid the neighborhoods growth. With the addition of both the Presidential Library and the newly designed Jackson Park Golf Course, the neighborhood is slated to continue to further appreciate.
Property Facts
| Price | $2,713,644 CAD | Building Class | B |
| Price Per Unit | $208,742 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 14,600 SF |
| Cap Rate | 8.50% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1934 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-5 - Residential Multi-Unit | ||
| Price | $2,713,644 CAD |
| Price Per Unit | $208,742 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 14,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1934 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 - Residential Multi-Unit |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Island Kitchen
- Linen Closet
Site Amenities
- Fenced Lot
- Gated
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 700 |
| 2+1 | 3 | - | 800 |
| 2+2 | 6 | - | 900 |
| 3+2 | 3 | - | 1,200 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 20-24-401-035-0000 | Improvements Assessment | $144,405 CAD |
| Land Assessment | $15,070 CAD | Total Assessment | $159,475 CAD |
Property Taxes
Parcel Number
20-24-401-035-0000
Land Assessment
$15,070 CAD
Improvements Assessment
$144,405 CAD
Total Assessment
$159,475 CAD
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6700 S Clyde Ave
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