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7635 East End Ave Chicago, IL 60649

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For Sale
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328 Units, 9.28% Cap Rate, $32M

Property size:
325,400 SF

Property Features for 7635 East End Ave

General Information

Property type
Multifamily properties
Square Feet
325,400 SF

Building Details

Units
328

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Listing Contact
Aaron Sklar

Listing Agent: Aaron Sklar

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a portfolio of seven apartment buildings located in Chicago, Illinois, within Cook County, zip code 60649. The portfolio comprises a total of 328 units across approximately 325,400 square feet, commanding a compelling asking price of $32,000,000. This translates to a price per square foot of $98.34 and a strong 9.28% capitalization rate. Currently boasting a 92% occupancy rate, the portfolio offers significant potential for future growth and income generation. The buildings are situated at various addresses within the specified zip code, including 7635 S. East End, 7748 S. Essex, 7927 S. Marquette, 6531 S. Lowe, 7625 S. Eat End, 7800 S. Sangamon, and 8056 S. Marshfield. Unit counts vary per building, ranging from 17 to 188 units. The portfolio benefits from assumable debt at a favorable 3.34% interest rate. The buildings have undergone complete gut renovations. This is a rare opportunity to acquire a substantial, well-maintained multifamily portfolio in a prime Chicago location with significant upside potential. Detailed financial information and unit breakdowns are available upon request.
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Location Insight

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.5831551
Latitude
41.7559007

FAQs

What type of property is this?
Multifamily property - 328 Units, 9.28% Cap Rate, $32M
Where is this multifamily property located?
The property is located at 7635 East End Ave Chicago, IL.
What is the asking price?
The asking price for this property is $32,000,000.
What are key features of this property?
This property features: 9.28% capitalization rate.; 95% subsidized tenants.; Assumable debt at a 3.34% interest rate.
(773) 293-5032 Call to check price and availability
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