38-Unit Courtyard Multifamily
6802 S Prairie Ave Chicago, IL 60637
For Sale
$2,800,000
38-unit multifamily property with a courtyard layout, featuring redevelopment progress and major building system upgrades underway.
Days on Market30
Property Features for 6802 S Prairie Ave
General Information
- Standard status
- Active
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1927
Listing Agency:
Essex Realty Group
Listed By:
Joe Kahlhammer
Source:
Commercialcafe
Added: Jun 25
Changed: Jul 22
Last Checked: Jul 24 at 5:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Essex Realty Group
Investment Insights
Based on property information with market context.
Located at 6802–6808 S Prairie Ave, this 38-unit multifamily redevelopment opportunity is offered for sale in Chicago’s Greater Grand Crossing neighborhood. The property consists of seventeen (17) two-bedroom units and twenty-one (21) one-bedroom units, arranged around a courtyard layout.
Ownership has already invested significantly in major building system upgrades and unit improvements. Capital work includes new copper water piping throughout, roof repair and reinforcement, HVAC improvements with new ductwork and furnace installation in select units, updated electrical work, and plumbing infrastructure prepared for future tankless hot water installation. The ownership has also completed permitting and secured approved plans and drawings for the entire building.
As part of the redevelopment, twelve (12) two-bedroom units are reported to be approximately 90% complete, with new HVAC, updated electrical, light fixtures, painting, and renovated common areas. Additional units have progressed through framing and infrastructure stages, positioning a new owner to complete remaining improvements and execute a phased lease-up strategy.
Ownership has already invested significantly in major building system upgrades and unit improvements. Capital work includes new copper water piping throughout, roof repair and reinforcement, HVAC improvements with new ductwork and furnace installation in select units, updated electrical work, and plumbing infrastructure prepared for future tankless hot water installation. The ownership has also completed permitting and secured approved plans and drawings for the entire building.
As part of the redevelopment, twelve (12) two-bedroom units are reported to be approximately 90% complete, with new HVAC, updated electrical, light fixtures, painting, and renovated common areas. Additional units have progressed through framing and infrastructure stages, positioning a new owner to complete remaining improvements and execute a phased lease-up strategy.
Key Highlights
- 38‑unit multifamily redevelopment property (17 two‑bedroom units and 21 one‑bedroom units) with a courtyard layout
- Substantial capital already completed, including new copper water piping throughout and roof repair and reinforcement
- HVAC improvements include new ductwork and furnace installation in select units
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 38-unit multifamily property with a courtyard layout, featuring redevelopment progress and major building system upgrades underway.
Where is this apartment building located?
The property is located at 6802 S Prairie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 38‑unit multifamily redevelopment property (17 two‑bedroom units and 21 one‑bedroom units) with a courtyard layout; Substantial capital already completed, including new copper water piping throughout and roof repair and reinforcement; HVAC improvements include new ductwork and furnace installation in select units
