For Sale
$32,000,000

7635 East End Ave Chicago, IL 60649

328 Units, 9.28% Cap Rate, $32M

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a portfolio of seven apartment buildings located in Chicago, Illinois, within Cook County, zip code 60649. The portfolio comprises a total of 328 units across approximately 325,400 square feet, commanding a compelling asking price of $32,000,000. This translates to a price per square foot of $98.34 and a strong 9.28% capitalization rate. Currently boasting a 92% occupancy rate, the portfolio offers significant potential for future growth and income generation. The buildings are situated at various addresses within the specified zip code, including 7635 S. East End, 7748 S. Essex, 7927 S. Marquette, 6531 S. Lowe, 7625 S. Eat End, 7800 S. Sangamon, and 8056 S. Marshfield. Unit counts vary per building, ranging from 17 to 188 units. The portfolio benefits from assumable debt at a favorable 3.34% interest rate. The buildings have undergone complete gut renovations. This is a rare opportunity to acquire a substantial, well-maintained multifamily portfolio in a prime Chicago location with significant upside potential. Detailed financial information and unit breakdowns are available upon request.

Highlights

  • 9.28% capitalization rate.
  • 95% subsidized tenants.
  • Assumable debt at a 3.34% interest rate.
  • Completely gut renovated.

Property Details for 7635 East End Ave

Property type
Apartment buildings
Square Feet
325,400 SF
Units
328

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7559007
Longitude
-87.5831551

FAQs

What type of property is this?
Apartment building - 328 Units, 9.28% Cap Rate, $32M
Where is the apartment building located?
The property is located at 7635 East End Ave Chicago, IL.
What is the asking price?
The asking price for this property is $32,000,000.
What are key features of this property?
This property features: 9.28% capitalization rate.; 95% subsidized tenants.; Assumable debt at a 3.34% interest rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7635 East End Ave
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