Stony South Side Portfolio

5825 S. Michigan Ave, Chicago, IL 60637

  • For Sale $8,240,000
  • Property Type Multi-Family
  • Property Size 91,510 SF
  • Units 103
  • Additional Rent Contact for pricing
  • Date Updated Jun 11, 2024
The "Stony Southside Portfolio" is located in various neighborhoods of Chicago's south sides.Jameson Commercial Real Estate has been exclusively engaged to market a portfolio of 103 units located throughout the south side neighborhoods of Chicago. The portfolio includes 34 Single- Family Homes, 64 Apartments/Condos/TH, and 5 commercial spaces spread across twelve 2-4 unit buildings, one 7-unit building, and one 10-unit building. The unit mix options are favorable, with (9) 1 bed 1 bath, (30) 2 bed 1 bath, (32) 3 bed 1-2 baths, (25) 4 bed 1-2 baths, (2) 5 bed 1-2 baths, and 5 commercial spaces with an average of 1200 sf. The single-family homes are broken down as follows: (6) 2 bed 1 bath with an average of 1,000 sf, (8) 3 bed 1 bath with an average of 1,100 sf, (1) 3 bed 1.5 bath at 1100 sf, (1) 3 bed 2 bath at 1100 sf, (10) 4 bed 1 bath with an average of 1,500 sf, (7) 4 bed 2 bath at an average of 1,400 sf, and (1) 5 bed 1 bath at 2,000 sf. Approximately 55% of the units are rented to various subsidized programs, including CHA, HACC, Heartland, and Catholic Charities. The portfolio presents a qualified investor with the opportunity to achieve immediate success, with a CAP Rate of 7.77% and a Total Return in year 1 up to 9.25% based on a 75% LTV and 7.3% Interest Rate. The exit strategy would be to improve the singlefamily homes and the 2-4 unit multi-unit properties and sell them individually, as the market has seen a high demand for FHA buyers seeking to buy their first home or first investment property. A qualified buyer has the option to assume the current loan in place. The loan has a 5.11% Interest Rate, a ten-year loan term expiring in 2029, and a thirty-year amortization period. The approximate loan balance is $6,500,000.

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Contacts

broker

Marco Cesario

Jameson Commercial

Location

Getting Around

  • Walk Score ®

    70/100 Somewhat Walkable

  • Transit Score ®

    67/100 Good Transit

  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Washington Park
  • Zip Code 60637
  • Market Chicago

Points of Interest

  • Garfield

    0.48 miles

  • King Drive

    0.66 miles

  • Halsted

    1.34 miles

  • 55th-56th-57th Street

    1.79 miles

  • Stony Island

    2.34 miles

  • State & 37th Street

    2.69 miles

  • 35th-Bronzeville-IIT

    2.97 miles

  • South Shore

    3.32 miles

  • Western

    3.41 miles

  • Gresham

    3.77 miles

  • Super Save

    0.45 miles

  • Amstar

    0.54 miles

  • Mobil

    0.65 miles

  • BP

    0.70 miles

  • Mobil

    0.81 miles

  • ChargePoint

    0.86 miles

  • GoLo

    0.92 miles

  • Citgo

    1.08 miles

  • Mobil

    1.08 miles

  • Shell

    1.15 miles

  • Garfield Park & Ride

    0.52 miles

  • Parkiing / Mat Mgmt

    0.85 miles

  • Medical Campus Parking Garage A

    0.85 miles

  • Medical Campus Parking Garage B

    0.88 miles

  • Campus South Parking

    0.92 miles

  • Campus North Parking Garage

    1.17 miles

  • Lexington Parking Lot

    1.26 miles

  • Dorchester Parking Lot

    1.63 miles

  • Ashland/63rd Park & Ride

    2.26 miles

  • Lot L

    2.59 miles

  • Best Motel

    0.97 miles

  • The Study at the University of Chicago

    1.40 miles

  • Sophy Hotel

    1.74 miles

  • Hyatt Place Chicago-South/University Medical Center

    1.90 miles

  • Chicago Lake Shore Hotel

    2.22 miles

  • Empire Motel

    2.40 miles

  • Amber Inn Motel

    2.41 miles

  • South Shore Motel

    3.42 miles

  • Chicago South Loop Hotel

    3.93 miles

  • Admiral Motel

    4.22 miles

  • Church's Chicken

    0.22 miles

  • Harold's Chicken Shack

    0.41 miles

  • Burger King

    0.42 miles

  • McDonald's

    0.46 miles

  • Dunkin'

    0.49 miles

  • 2 Potz & A Pan Eatery

    0.53 miles

  • Checkers

    0.62 miles

  • Pizza Hut Delivery

    0.65 miles

  • Taco Bell

    0.67 miles

  • Dunkin'

    0.69 miles

  • Carter School of Excellence

    0.12 miles

  • Former Ross Elementary School

    0.26 miles

  • Sherwood Elementary School

    0.55 miles

  • ACE Technical Charter High School

    0.56 miles

  • Burke Elementary School

    0.65 miles

  • Dulles Elementary School

    0.68 miles

  • Austin O. Sexton Elementary School

    0.71 miles

  • Beasey Academy

    0.78 miles

  • Englewood High School

    0.79 miles

  • Chicago Baptist Institute

    0.93 miles

  • UChicago Child Development Center - Drexel

    0.96 miles

  • DJ Brooks Child Development Center

    2.30 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    3.41 miles

  • Kenyatta's Day Care and Learning Center

    3.47 miles

  • Brighton Park Early Learning Center

    4.49 miles

  • The Goddard School

    4.63 miles

  • Daycare

    5.35 miles

  • Shining Star Child Development

    5.55 miles

  • Taylor Tots

    5.95 miles

  • New Zion Childcare Academy

    5.97 miles

Frequently Asked Questions

How much does Stony South Side Portfolio cost?

The space currently listed for sale at Stony South Side Portfolio asks for $8,240,000.

What is the total square footage of Stony South Side Portfolio?

Stony South Side Portfolio totals 91,510 square feet.

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Contact Listing Broker

broker

Marco Cesario

Jameson Commercial