Map of Property

7038 S Chappel Ave

7038 S Chappel Ave, Chicago, IL 60649

  • For Sale Portfolio Sale $15,250,000
  • Property Type Multi-Family
  • Property Size 24,720 SF
  • Units 49
  • Lot Size 0.36 Acre
  • Year Built 1925
  • Date Updated Feb 20, 2025
CRER is pleased to offer the opportunity to acquire the Jackson Park Portfolio consisting of three (3) multifamily properties located within Chicago’s South Shore neighborhood. 6916 S. Clyde Ave, Chicago, IL 60649 7038 S. Chappel Ave, Chicago, IL 60649 7500 S. South Shore Dr. Chicago, IL 60649 The portfolio consists of 208 units with a mix of (181) one bedroom, (13) two bedroom, (12) three bedroom, and (2) studio units. The apartments include spacious floor plans with updated kitchen and baths throughout. Capital improvements to the portfolio consist of updated electric/plumbing, newer windows, on-site laundry, and renovated units. Each building in the portfolio has a class 9 real estate tax designation which reduces tax assessments by 50%. The Jackson Park Portfolio also offers the opportunity for an investor to assume the existing loan with an interest rate of 4.16%. Unit Mix: (208) units total | (181) 1 bedroom, (13) 2 bedroom, (12) 3 bedroom, (2) Studios Assumable loan – 4.16% Class 9 Tax Designation Updated electric/plumbing Renovated units throughout (kitchens & baths) On-site laundry Pin: 20-24-415-014-0000, 20-24-421-018-0000, 21-30-201-026-0000, 21-30-201-027-0000
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Contacts

broker
Finley Askin

Chicago Real Estate Resources

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable

  • Transit Score ®

    67/100 Good Transit

  • Bike Score ®

    59/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood South Shore
  • Zip Code 60649
  • Market Chicago

Points of Interest

  • South Shore

    0.52 miles

  • Stony Island

    0.64 miles

  • Windsor Park

    1.00 miles

  • 63rd Street

    1.18 miles

  • 55th-56th-57th Street

    1.90 miles

  • 83rd Street

    1.93 miles

  • 87th Street

    2.41 miles

  • 51st-53rd Street (Hyde Park)

    2.47 miles

  • Garfield

    2.95 miles

  • South Chicago (93rd Street)

    3.08 miles

  • BP

    0.44 miles

  • Mobil

    0.45 miles

  • Shell

    0.53 miles

  • Midwest

    0.54 miles

  • Amstar

    0.69 miles

  • Fuel Star

    0.69 miles

  • All Star

    1.10 miles

  • ChargePoint

    1.96 miles

  • Tesla Supercharger

    5.23 miles

  • eVgo

    7.67 miles

  • Trailer Parking

    0.93 miles

  • Dorchester Parking Lot

    1.49 miles

  • Chapin Hall Parking Lot

    1.56 miles

  • Kimbark South Parking Garage

    1.59 miles

  • Lexington Parking Lot

    1.90 miles

  • 83rd Street Metra Park & Ride

    1.94 miles

  • Campus South Parking

    1.96 miles

  • Parking/Materials Management

    2.14 miles

  • Medical Campus Parking Garage A

    2.19 miles

  • Campus North Parking Garage

    2.31 miles

  • South Shore Motel

    1.43 miles

  • The Study at the University of Chicago

    1.65 miles

  • Empire Motel

    1.69 miles

  • East of the Ryan

    1.73 miles

  • Best Motel

    2.14 miles

  • Sophy Hotel

    2.39 miles

  • Hyatt Place Chicago-South/University Medical Center

    2.41 miles

  • Skyway Motel

    2.70 miles

  • Chicago Lake Shore Hotel

    2.73 miles

  • Stony Island Motel

    2.77 miles

  • Subway

    0.12 miles

  • Domino's

    0.12 miles

  • Italian Fiesta

    0.13 miles

  • The Slab Bar-B-Que

    0.13 miles

  • Taste of Chicago

    0.14 miles

  • Surf's Up

    0.28 miles

  • Good Foods Vegan/Vegetarian Deli

    0.29 miles

  • Ta'golazo

    0.31 miles

  • Shark's Fish and Chicken

    0.35 miles

  • Magal Restaurant

    0.42 miles

  • Saint Phillip Neri School

    0.17 miles

  • O'Keeffe Elementary School

    0.18 miles

  • Edward A. Bouchet Math & Science Academy

    0.36 miles

  • Parkside Community Academy

    0.43 miles

  • Children's Developmental Institute

    0.52 miles

  • Second Chance Tutoring

    0.57 miles

  • Clara Muhammad Elementary School

    0.61 miles

  • Robert A. Black Magnet Elementary School

    0.61 miles

  • South Shore International College Preparatory High School

    0.61 miles

  • Former South Shore High School

    0.76 miles

  • DJ Brooks Child Development Center

    0.55 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    0.59 miles

  • Kenyatta's Day Care and Learning Center

    0.67 miles

  • UChicago Child Development Center - Drexel

    2.32 miles

  • Child's World Academic Inc.

    2.36 miles

  • Shiloh Nursery

    2.42 miles

  • Shining Star Child Development

    2.95 miles

  • Mari's Bumble Bee Academy

    3.59 miles

  • Restoring the Seed Childcare

    3.59 miles

  • Childrens Hour Pre-School Center

    4.57 miles

Frequently Asked Questions

How much does 7038 S Chappel Ave cost?

The sale price for 7038 S Chappel Ave is available upon request. Contact the listing broker for more information.

What is the total square footage of 7038 S Chappel Ave?

7038 S Chappel Ave totals 24,720 square feet.

When was this property built?

7038 S Chappel Ave was built in 1925.

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Contact Listing Broker
broker
Finley Askin

Chicago Real Estate Resources

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