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The Southside Gold Portfolio

$23,035,140

8209 South Ellis Avenue, Chicago, IL 60619

Active
Last Updated: 02/07/2025

8.6

Cap Rate

1,979,244

NOI

Details:
Cap Rate:    8.6%
NOI:    $1,979,244
Units:    212
Price Per Unit:    $108,656
Highlights:
  • A diverse mix of one, two, three, and four-bedroom apartments, along with a few mixed-use commercial spaces
  • Well maintained and stabilized with 91% Occupancy comprised mostly of subsidized rent.
  • Attractive Assumable Debt: $15.3m Balance 4.93% Interest Rate, maturing 8/29.
  • Opportunity to increase NOI immediately through reductions in tax assessments.
  • Total Cap Rate: 8.6%
Description:

Matthews Real Estate Investment Services has been appointed as the exclusive advisor and agent to sell The Southside Gold Portfolio, a predominantly voucher-subsidized apartment portfolio situated in Chicago, IL.

The portfolio includes 12 fully renovated properties, offering a total of 212 units, with 84% of tenants benefiting from government-backed voucher subsidies to cover most of their rent.

Map:
Documents:
Title
Offering Memorandum
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Location
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