7646 S Ingleside Ave
Marcus & Millichap is pleased to present this multi-family real estate opportunity in the East Chatham neighborhood of Chicago. The subject property of 7646 South Ingleside Avenue is located 11.8 miles South of Chicago's downtown loop area, 0.2 miles West of the Chicago Skyway, and 0.5 miles from the Metra Electric 75th street station. The subject property offers a unit mix consisting of 14 one-bedroom one-bathroom units that measure 700 square feet and 17 two-bedroom one-bathroom units that measure 900 square feet respectively.
The neighborhood of East Chatham is one of the 77 community areas in Chicago, and has a population of just over 33,000 residents. There are plenty of restaurants, shopping centers, and nightlife opportunities within walking distance from the subject property.
An investor can take full advantage of this real estate opportunity by capitalizing the current cash flow of the building and the ability to raise rents to match the current rental market.