Receiver Sale: 29-Unit Multifamily | Chicago South Shore

Highlights:

• Compelling Value-Add Repositioning Play — A 29-unit multifamily asset available at auction pricing, offering an investor the ability to acquire and stabilize at a meaningful discount to intrinsic value.
• Lake Shore Drive Frontage Submarket — Situated right off Lake Shore Drive in the South Shore neighborhood, offering residents unmatched lakefront commuter access to downtown Chicago.
• Dense 150,000+ Resident Trade Area — Over 150,000 residents within three miles of the property form a deep and active renter base to support lease-up and stabilization.
• Metra & Expressway Transit Access — Blocks from the Chatham/79th Metra Station and under two miles east of I-90, making the property attractive to transit-dependent renters.
• National Retail Amenity Base — Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesar’s Pizza serve the immediate neighborhood.

Description:

Copy and paste this link to view full auction details on RI Marketplace: https://rimarketplace.com/auction/3198/multifamily/chicago/il

SVN and RealINSIGHT Marketplace is pleased to present 6811 S. Paxton Avenue, a 29-unit multifamily apartment building located in Chicago’s South Shore neighborhood on the east side of Paxton Avenue, between 68th and 69th Streets. Offered via auction, the property represents a rare opportunity to acquire a multifamily asset at auction-driven pricing with immediate lease-up upside. The South Shore neighborhood is approximately 10 miles south of downtown Chicago and is home to more than 150,000 residents within a three-mile radius, providing a stable and demand-driven renter base.

The property benefits from exceptional transit connectivity via Lake Shore Drive and the Chatham/79th Metra Station, as well as proximity to I-90, making daily commuting to downtown Chicago straightforward and accessible. Essential retail including Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesar’s Pizza serve the immediate community. Investors seeking exposure to Chicago’s value-add multifamily sector at a reset basis will find this property an attractive platform for repositioning.