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

  • Halsted

    1.34 miles

  • 63rd Street

    1.72 miles

  • 55th-56th-57th Street

    1.79 miles

  • 51st-53rd Street (Hyde Park)

    2.00 miles

  • Stony Island

    2.34 miles

  • 35th-Bronzeville-IIT

    3.02 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    3.09 miles

  • South Shore

    3.32 miles

  • Western

    3.41 miles

  • The Roux

    0.42 miles

  • Super Save

    0.45 miles

  • Amstar

    0.54 miles

  • Citgo

    0.65 miles

  • Shell

    0.68 miles

  • BP

    0.70 miles

  • Mobil

    0.81 miles

  • ChargePoint

    0.86 miles

  • GoLo

    0.92 miles

  • eVgo

    5.41 miles

  • Garfield Park & Ride

    0.52 miles

  • Parking/Materials Management

    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

  • Kimbark South Parking Garage

    1.44 miles

  • Chapin Hall Parking Lot

    1.53 miles

  • Dorchester Parking Lot

    1.63 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

  • East of the Ryan

    2.75 miles

  • South Shore Motel

    3.42 miles

  • The Polo Inn

    3.47 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

    0.66 miles

  • Wendy's

    0.71 miles

  • Carter School of Excellence

    0.12 miles

  • Sherwood Elementary School

    0.54 miles

  • ACE Technical Charter High School

    0.56 miles

  • Burke Elementary School

    0.65 miles

  • Dulles Elementary School

    0.68 miles

  • John Fiske Elementary School

    0.71 miles

  • Edward W. Beasey Academy

    0.78 miles

  • Englewood High School

    0.79 miles

  • Chicago Baptist Institute

    0.93 miles

  • Johnson College Prep

    0.98 miles

  • UChicago Child Development Center - Drexel

    0.96 miles

  • Child's World Academic Inc.

    1.17 miles

  • Shiloh Nursery

    1.49 miles

  • DJ Brooks Child Development Center

    2.30 miles

  • Englewood Messiah Lutheran Headstart

    2.67 miles

  • Childrens Hour Pre-School Center

    2.77 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    3.41 miles

  • Kenyatta's Day Care and Learning Center

    3.47 miles

  • Teddy Bear Pre-School

    3.67 miles

  • Merry Go Round Nursery School

    3.89 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