For Sale
$2,600,000

6825 S Perry AveChicago, IL 60621

44-unit courtyard building, prime location

Overview

Added:
Jan 17
Days on market:
82
This exceptional 44-unit multifamily property is situated on a tranquil, tree-lined street in Chicago's Greater Grand Crossing neighborhood. The building boasts a desirable mix of 26 one-bedroom/one-bathroom units, 8 two-bedroom/one-bathroom units, and 10 studio apartments. A significant portion of the units have undergone renovations, featuring updated kitchens and bathrooms. Its convenient location offers easy access to both the Dan Ryan Expressway and the CTA Red Line (69th stop), providing residents with seamless public transportation options and a quick commute to downtown Chicago. The property presents a compelling value-add opportunity for investors, with potential for increased yield and cash flow through improved leasing and management strategies, including the leasing of currently vacant, updated units. The 0.6-acre lot houses a 26,200 square foot building. This investment presents a strong opportunity to capitalize on the growing demand for rental housing in a well-connected Chicago neighborhood. The property's strong unit mix, recent renovations, and strategic location combine to create a compelling investment proposition. Financial details are available upon request.

Highlights

  • 44-unit courtyard building in Chicago's Greater Grand Crossing neighborhood.
  • Convenient location near Dan Ryan Expressway and CTA Red Line.
  • Value-add opportunity with vacant, updated units ready for immediate leasing.

Property Details for 6825 S Perry Ave

Property type
Residential income homes, Residential income properties
Square Feet
26,200 SF
Price / Square Foot
$99.24
Stories
3
Elevators
N/A
Lot Size (sq. ft)
26,200 SF

Location Insight

City
Chicago
County
State
Illinois

FAQs

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6825 S Perry Ave
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