For Auction

Receiver Sale | 29-Unit Multifamily | Chicago MSA

6811 South Paxton Avenue,
Chicago, IL 60649

Asset Snapshot

Real Estate
Asset Type
Multifamily
Property Type
1929
Year Built
5
Floor Count
1
Building Count
0.20 Acres
Land Area
29 Units
Unit Count
Occupancy As Of

Offering Summary

Investment Highlights

  • Compelling Value-Add Repositioning Play — A 29-unit multifamily asset available at auction pricing, offering an investor the ability to acquire and stabilize at a meaningful discount to intrinsic value.
  • Lake Shore Drive Frontage Submarket — Situated right off Lake Shore Drive in the South Shore neighborhood, offering residents unmatched lakefront commuter access to downtown Chicago.
  • Dense 150,000+ Resident Trade Area — Over 150,000 residents within three miles of the property form a deep and active renter base to support lease-up and stabilization.
  • Metra & Expressway Transit Access — Blocks from the Chatham/79th Metra Station and under two miles east of I-90, making the property attractive to transit-dependent renters.
  • National Retail Amenity Base — Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesar’s Pizza serve the immediate neighborhood.


Offering Summary

SVN and RealINSIGHT Marketplace is pleased to present 6811 S. Paxton Avenue, a 29-unit multifamily apartment building located in Chicago’s South Shore neighborhood on the east side of Paxton Avenue, between 68th and 69th Streets. Offered via auction, the property represents a rare opportunity to acquire a multifamily asset at auction-driven pricing with immediate lease-up upside. The South Shore neighborhood is approximately 10 miles south of downtown Chicago and is home to more than 150,000 residents within a three-mile radius, providing a stable and demand-driven renter base. The property benefits from exceptional transit connectivity via Lake Shore Drive and the Chatham/79th Metra Station, as well as proximity to I-90, making daily commuting to downtown Chicago straightforward and accessible. Essential retail including Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesar’s Pizza serve the immediate community. Investors seeking exposure to Chicago’s value-add multifamily sector at a reset basis will find this property an attractive platform for repositioning.
 

Due Diligence

Transaction Managers

Damian Smoter
Marketplace
(800) 915-7015dsmoter@realinsight.com
Yusuf Idris
Marketplace
(800) 915-7015yidris@realinsight.com

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Sold Subject To

This auction has ended. Interested in additional investment opportunities?

Investment Sales Brokers

Joseph Connelly
SVN Chicago Commercial
(630) 550-1515Joseph.connelly@svn.com
Reid Bennett
SVN - Chicago Commercial
IL License: 471015237
(773) 251-7342reid.bennett@svn.com

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.