For Sale

Lender Owned MIxed Use 22-Unit

7201 S Vincennes Ave,
Chicago, IL 60621

Asset Snapshot

N/A
Multifamily Subtype
1926
Year Built
4
Floor Count
1
Building Count
0.20 Acres
Land Area
22 Units
Unit Count
16,000 SF
Property Size

Offering Summary

Investment Overview

AW Properties Global is pleased to present the opportunity to acquire a lender-owned, 22-unit mixed-use property located in Chicago’s Greater Grand Crossing neighborhood. The four-story building, features a unit mix consisting of four (4) ground-floor retail spaces, fifteen (15) one-bedroom apartments, and three (3) two-bedroom apartments. The property is situated on an approximately 8,712-square-foot site and is equipped with a central boiler heating system. The property is currently 100% vacant, presenting a compelling value-add and repositioning opportunity for investors seeking to renovate, stabilize, and maximize the asset’s income-producing potential. The property is situated within a federally designated Qualified Opportunity Zone, offering potential tax advantages to eligible investors. This lender-owned property is being offered for sale in As-Is condition.


Investment Highlights

  • Value Add Opportunity
  • Unit Mix (4) Retail, (15) 1 Bedroom and (3) 2 Bedroom Units
  • Desirable Greater Grand Crossing Market

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$600,000
Asking Price

Investment Sales Broker

Jeffrey Baasch
AW Properties Global

Market Insights