7836 S Ada St, Chicago, IL for sale

Investment Overview

Essex Realty Group, LLC. Has been exclusively engaged to market for sale a 13-unit multifamily building at 7836 S Ada St. Located in the Auburn Gresham neighborhood, the walk-up building is comprised of twelve (12) 2 bed / 1 bath and one (1) 1 bed / 1 bath apartments. Current ownership has renovated 7/13 units featuring new kitchens and baths with modern finishes. Looking forward, there is additional upside for a new owner to add laundry facilities and bring rents to market levels through the continued renovation of the remaining 6 units, which would enhance both the property’s income and its overall value. With its strong existing operations, and clear value-add opportunities, this presents an excellent investment opportunity for an investor to acquire a well-managed asset.

Investment Highlights

• (1) 1 Bd / 1 Ba & (12) 2 Bd / 1 Ba Apartments.
• Multiple Levers to Grow Revenue Through Continued Renovations of the Remaining 6 Units and Unit/Amenity Expansion.
• Pridefully Maintained and Operated by Local Owner.
• Close to Multiple Modes of Transportation.