Receiver Sale | 46-Unit Multifamily | Chicago MSA

Highlights:

• 46 Units Across Two Adjacent Buildings — Two three-story masonry buildings on a combined 61,298 SF site, offered as a single asset.
• 29 Vacant Units Ready for Lease-Up — Currently 37% occupied, with substantial income upside available immediately upon acquisition and stabilization.
• Fronts 370-Acre Washington Park — 362 E. 60th sits directly across MLK Drive from one of Chicago's largest greenspaces, a rare and marketable amenity.
• 1 Mile from University of Chicago — Walking distance to the U of C campus and Museum of Science & Industry, with consistent renter demand from students, faculty, and staff.
• Historic Masonry, Corner Locations — Built 1898 and 1914 with 24 two-bedroom and 22 three-bedroom units. Both buildings occupy prominent corner lots.
• CTA Green Line & Expressway Access — Multiple bus routes and Green Line nearby; quick access to I-90/I-94 and DuSable Lake Shore Drive.

Description:

Explore the full listing, documents, and bidding details here: https://rimarketplace.com/auction/3190/multifamily/chicago/il

SVN and RealINSIGHT Marketplace is pleased to present 352-370 E. 60th Street, a 46-unit multifamily asset in Chicago's Washington Park neighborhood. The two adjacent three-story masonry buildings are offered as a single asset and present a compelling value-add opportunity, with the property currently 37% occupied (17 of 46 units) and 29 units vacant. 352 E. 60th Street is a 21-unit, 19,974 SF building constructed in 1898 at the northeast corner of 60th Street and Calumet Avenue, with a unit mix of 14 two-bedroom and 7 three-bedroom apartments (7 occupied, 33%).

362 E. 60th Street is a 25-unit, 41,324 SF building constructed in 1914 at the northwest corner of 60th and Martin Luther King Drive, directly across from the 370-acre Washington Park, with a mix of 10 two-bedroom and 15 three-bedroom apartments (10 occupied, 40%). Both buildings are zoned RM-5 with no on-site parking. Washington Park sits 6 miles south of downtown Chicago, 1 mile southwest of the University of Chicago, and 8 miles southeast of Midway Airport, with strong CTA access and easy expressway connectivity.