2201 E 70th PL
Marcus & Millichap is pleased to present this multi-family real estate opportunity in the Jackson Park neighborhood of Chicago. The subject property of 2201 East 70th Place is located 11.5 miles south of Chicago's downtown loop area, 0.9 miles west of Lake Michigan, 0.2 miles north of the Metra Electric Bryn Mawr train station, and 500 feet from the CTA's Jeffrey and 70th Street bus 5, 15, & 95 stops. The unit mix for the subject property consists of thirteen one-bedroom one-bathroom units that measure 700 square feet, eighteen two-bedroom one-bathroom units that measure 900 square feet, one three-bedroom one-bathroom unit that measures 1,200 square feet, and one four-bedroom two-bathroom unit that measures 1,500 square feet respectively.
Chicago's Jackson Park neighborhood is a historically vibrant community that will be rejuvenated by the $500 million Barack Obama presidential library and museum being built on its northern edge in Jackson Park. The neighborhood is nearby major institutions and attractions, including the Museum of Science and Industry, the University of Chicago, and the lakefront. The subject property is within walking distance to the Chicago Cultural Center, Jackson Park Golf Course, and Rainbow Beach Park.
An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to cash flow the property.