7300 S May St
Marcus & Millichap is pleased to present this multi-family real estate opportunity in the South Side of Chicago. The subject property of 7300 South May Street is located 12.4 miles south of Chicago's downtown loop area, 1.9 miles west of the CTA's 69th Street Red Line train station, 1.7 miles west of the Dan Ryan Expressway, and 500 feet from the CTA's Racine & 73rd Street bus stop. The unit mix for the subject property consists of six one-bedroom one-bathroom units that measure 700 square feet and two two-bedroom one-bathroom units that measure 900 square feet respectively.
The subject property is within walking distance to the major retail corridor of Ashland Avenue, which offers residents a wide variety of national and local retailers. The property is also within walking distance of Stagg Elementary School, servicing grades prekindergarten through 8th grade. In 2019, Stagg Elementary School was ranked in the top twenty percent of elementary schools in the state of Illinois. The neighborhood also offers residents multiple modes of public transportation; the CTA's green and red line trains have multiple stops in the neighborhood as well as a variety of CTA bus routes.
An investor can take full advantage of this real estate opportunity by capitalizing on the ability to raise current rents and cash flow the property.