South Shore 13-Unit Multi-Family

Highlights:

• Lender Owned
• 13 Units Comprised of Individual Units w/ Different Tax #'s
• Tons of Value-Add Potential
• Mix of 3, 2 & 1 Bed Units
• On-Site Parking
• 2015 Renovation
• Newer Steel Porches

Description:

Large brick California-style apartment building with 7 parking spaces. Originally renovated to be sold as condominiums, there are 13 total units with separate tax PINs. Great mix of 3, 2 & 1 Bedroom units averaging approximately 725 SF. The building was built in 1964 and renovated in 2015 and the units feature dishwashers, microwaves, granite countertops, wood floors and modern bathrooms and are in good shape. There is room for new ownership to add a common laundry room in a large storage area. There are 7 parking spaces that are currently offered for free to the tenants on a first come first serve basis. Units have wall Sleeves for tenant-supplied air conditioners. Don't miss out on this great value-add opportunity.


Chicago's South Shore community is located six miles south of Chicago's Loop along Lake Michigan's Shoreline. It is home to Rainbow Beach, one of the city's largest beaches and just a 5-minute walk away from the property. The South Shore is home to the South Shore Golf Course, Cultural Center and just a short drive to Jackson Park, the Museum of Science & Industry and The University of Chicago.

Tenant Paid Gas & Electric