Eight-Unit Apartment
For Sale
Contact for pricing
7948 S Dobson, Chicago, IL 60619
Apartment building with eight 1-bed, 1-bath units, currently well occupied with voucher-held tenants.
Property SizeContact for details
Days on Market122
Property Features for 7948 S Dobson
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
11.87%
Highway Access
Yes
Multifamily Units
8
Listing Agency:
AW Properties Global
Listed By:
Jeffrey Baasch · License #IL 475107724
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 3:57AM
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 AW Properties Global
Investment Insights
Based on property information with market context.
7948 S. Dobson is an eight-unit apartment building offering eight 1-bedroom, 1-bath residences. The building is described as well occupied, with various voucher-holding tenants providing guaranteed income. The offering also cites an in-place CAP rate of 11.87% and a 27%+ CoC return.
Located in Chicago’s Chatham neighborhood, the property is approximately nine miles directly south of the Loop and provides convenient access to Interstate 90 and 94. CTA bus stops are noted as conveniently located on 79th Street, within walking distance of the building.
This property and 7350 S. Langley can be purchased as a package deal; offering memorandums are available upon request.
Located in Chicago’s Chatham neighborhood, the property is approximately nine miles directly south of the Loop and provides convenient access to Interstate 90 and 94. CTA bus stops are noted as conveniently located on 79th Street, within walking distance of the building.
This property and 7350 S. Langley can be purchased as a package deal; offering memorandums are available upon request.
Key Highlights
- Apartment building with 8 units, each a 1 bed / 1 bath
- Currently well occupied with voucher‑holding tenants for guaranteed income
- In‑place CAP rate of 11.87% with over a 27% CoC return
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Apartment building with eight 1-bed, 1-bath units, currently well occupied with voucher-held tenants.
Where is this multifamily property located?
The property is located at 7948 S Dobson Chicago, IL.
What are key features of this property?
This property features: Apartment building with 8 units, each a 1 bed / 1 bath; Currently well occupied with voucher‑holding tenants for guaranteed income; In‑place CAP rate of 11.87% with over a 27% CoC return
