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    7635 East End Ave Chicago, IL 60649

    Sponsored
    For Sale
    $32,000,000

    328 Units, 9.28% Cap Rate, $32M

    Property size:
    325,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    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.

    Property Features for 7635 East End Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    325,400 SF

    Building Details

    Units
    328

    HighLights

    • 9.28% capitalization rate.
    • 95% subsidized tenants.
    • Assumable debt at a 3.34% interest rate.
    • Completely gut renovated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5831551
    Latitude
    41.7559007

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    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.
    Request Owner's contact information
    7635 East End Ave Chicago, IL 60649
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7635 East End Ave Chicago, IL 60649
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