Log In/Sign Up
Your email has been sent.
6952-6958 S Paxton Ave 31 Unit Apartment Building $2,370,939 CAD ($76,482 CAD/Unit) Chicago, IL 60649
Investment Highlights
- Attractive Entry Price Point
- Value add opportunity with potential to achieve 9.79%+ cap rate
- Optimal Mix of Studio, One, and Two-Bedroom Apartments
- Highly Desirable Jackson Park Neighborhood
Executive Summary
Interra Realty is pleased to present for sale 6952 S Paxton Ave. Located in the Jackson Park neighborhood on the south side of Chicago, the subject property is a thirty-one (31) unit courtyard building. The property features a highly desirable mix of studio, one, and two-bedroom apartments. Units are in varying condition, with some needing minor cosmetic improvements, while others require significant construction to become habitable.
The property presents qualified investors the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. The building is currently vacant and in need of improvement. Through the purchase and rehab of the property, investors are positioned to build their own rent roll and capture strong market rents. Situated just blocks from Jackson Park, South Shore golf course, and Lake Michigan, the location offers tenants premier access to some of the most popular public amenities.
The property presents qualified investors the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. The building is currently vacant and in need of improvement. Through the purchase and rehab of the property, investors are positioned to build their own rent roll and capture strong market rents. Situated just blocks from Jackson Park, South Shore golf course, and Lake Michigan, the location offers tenants premier access to some of the most popular public amenities.
Property Facts
| Price | $2,370,939 CAD | Building Class | C |
| Price Per Unit | $76,482 CAD | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 23,451 SF |
| No. Units | 31 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-5 - Chicago | ||
| Price | $2,370,939 CAD |
| Price Per Unit | $76,482 CAD |
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 23,451 SF |
| No. Stories | 3 |
| Year Built | 1921 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 - Chicago |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 400 |
| 1+1 | 16 | - | 600 |
| 2+1 | 9 | - | 700 |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 20-24-417-025-0000 | Improvements Assessment | $193,812 CAD |
| Land Assessment | $26,860 CAD | Total Assessment | $220,672 CAD |
Property Taxes
Parcel Number
20-24-417-025-0000
Land Assessment
$26,860 CAD
Improvements Assessment
$193,812 CAD
Total Assessment
$220,672 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
6952-6958 S Paxton Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.