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AIA /// 60 UNITS /// SOUTH SHORE 7846 S South Shore Dr 60 Unit Apartment Building $7,126,808 CAD ($118,780 CAD/Unit) 8.66% Cap Rate Chicago, IL 60649
Investment Highlights
- SOUTH SHORE DRIVE LOCATION
- AHSAP 35% TAX REDUCTION STATUS
- STEPS TO RAINBOW BEACH PARK & LAKEFRONT
- $2MM IN RECENT RENOVATION CAPEX
- 32-SPACE PARKING LOT
- 2 BLOCKS TO METRA TRAIN STATION (CHELTENHAM)
Executive Summary
Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
Property Facts
| Price | $7,126,808 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $118,780 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 50,000 SF |
| Cap Rate | 8.66% | Average Occupancy | 33% |
| Gross Rent Multiplier | 6.28 | No. Stories | 5 |
| No. Units | 60 | Year Built | 1951 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $7,126,808 CAD |
| Price Per Unit | $118,780 CAD |
| Sale Type | Investment |
| Cap Rate | 8.66% |
| Gross Rent Multiplier | 6.28 |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Building Size | 50,000 SF |
| Average Occupancy | 33% |
| No. Stories | 5 |
| Year Built | 1951 |
| Opportunity Zone |
Yes |
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Fairly walkable
40/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $453,384 CAD | |
| Land Assessment | $30,058 CAD | Total Assessment | $483,442 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$30,058 CAD
Improvements Assessment
$453,384 CAD
Total Assessment
$483,442 CAD
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Videos
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Photos
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AIA /// 60 UNITS /// SOUTH SHORE | 7846 S South Shore Dr
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