42-Unit Apartment
For Sale
$2,950,000
7319 S Ridgeland, Chicago, IL 60649
Three renovated buildings comprise a South Shore multifamily portfolio near Lake Michigan.
Property Size41,800 SF
Days on Market90
Property Features for 7319 S Ridgeland
General Information
Standard status
Active
Size
41,800 SF
Property subtype
Multifamily
Additional Details
Cap Rate
11.88%
Multifamily Units
42
Building Details
Building Size
41,800 SF
Buildings
3
Listing Agency:
(630) 209-3622
Listed By:
Noah Birk · License #ILLINOIS #475125864
(630) 209-3622
Source:
Kisergroup
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 30 at 1:36PM
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 Noah Birk
Investment Insights
Based on property information with market context.
The Ridgeland portfolio brings together three apartment buildings containing 42 units, with renovations completed across the properties. The assets are identified at 7319 S Ridgeland, 7318 S. Ridgeland, and 7405 S. Euclid in Chicago’s South Shore neighborhood.
The properties are positioned a few blocks from the Obama Presidential Library, Jackson Park, and Lake Michigan. The portfolio is offered for purchase with an 11.88% in-place cap rate, providing a consolidated multifamily acquisition across three nearby buildings.
The properties are positioned a few blocks from the Obama Presidential Library, Jackson Park, and Lake Michigan. The portfolio is offered for purchase with an 11.88% in-place cap rate, providing a consolidated multifamily acquisition across three nearby buildings.
Key Highlights
- Three‑building apartment portfolio
- 42 total units
- Units have been newly renovated
Property Analytics
Current Use
Lease Details
42
Residential units
Location Intelligence
Trade Area within ½ mile
1,375
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Three renovated buildings comprise a South Shore multifamily portfolio near Lake Michigan.
Where is this apartment building located?
The property is located at 7319 S Ridgeland Chicago, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Three‑building apartment portfolio; 42 total units; Units have been newly renovated
