Contacts

John George

Kiser Group

Property Details

Property Type Multi-Family
Property Size 7,400 SF
Units 10
Additional Rent Contact for pricing
Date Updated Sep 3, 2024

10 Units | Marquette ParkKiser Group is pleased to exclusively offer for purchase 7400 S. Artesian Ave, a ten (10) unit property in Chicago’s Marquette Park Neighborhood. The building is comprised of comprised of six (6) 1Bd/1Ba and four (4) 2Bd/1Ba units. The property is ideally situated in a residential pocket close to popular retail attractions off of Western Ave. Plus, nearby bus stations provide tenants quick and easy transit around Chicago’s Southwest Neighborhoods. 7400 S. Artesian Ave has seen multiple capex improvements under current ownership. Newer windows and well-maintained porches give the building a solid exterior appearance. Additionally, there are 12 on-site parking spots. On the interior, there is a new boiler and in-unit breakers. Overall, the building is extremely clean and well-maintained, providing current tenants with an ideal living situation. 7900 S. Sacramento Ave presents an investor with a rare opportunity to acquire a well-maintained building with attainable market rents. Through improved leasing and raising rents accordingly, a new owner could reach a cap rate of 12.61% and a cash return almost 28%.

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Highlights

In-Place Cap Rate of 8.41%
Newer Boiler (2022) & Windows
In-Unit Breakers
Well-Maintained Exterior (Masonry, Porches)
Twelve (12) On-Site Parking Spots
Significant Rental Upside
Quiet Neighborhood Surrounded by Single Family Homes

Getting around

57/100
Walk Score ®
63/100
Transit Score ®
41/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood Marquette Park
Zip Code 60629
Market Chicago

Points of Interest

Ashburn

1.94 miles
Brainerd

2.29 miles
Halsted

2.48 miles
Gresham

2.58 miles
Western

3.15 miles
99th Street (Beverly Hills)

3.27 miles
Pulaski

3.49 miles
103rd Street (Beverly Hills)

3.75 miles
King Drive

3.84 miles
95th/Dan Ryan

4.04 miles

Mobil

0.25 miles
Marathon

0.60 miles
Midwest

0.69 miles
Citgo

0.87 miles
Shell

0.91 miles
Citgo

1.03 miles
Marathon

1.06 miles
BP

1.17 miles
Food 4 Less

1.19 miles
Shell

1.24 miles

Ashland/63rd Park & Ride

1.71 miles
Western Park & Ride

3.12 miles
Midway Airport Cell Phone Lot

3.29 miles
Midway Airport Cell Phone Lot

3.33 miles
Midway Park & Ride

3.35 miles
Kedzie Park & Ride

3.36 miles
Midway Airport Parking Garage

3.50 miles
Pulaski Park & Ride

3.53 miles
Limo Staging Area

3.67 miles
Lot 5

3.69 miles

New Budget Motel

2.22 miles
Holiday Inn LXG Midway Airport

2.92 miles
Saratoga Motel

2.96 miles
Beverly Motel & Suites

3.07 miles
Sleep Inn Midway Airport

3.12 miles
Best Western Inn & Suites - Midway Airport

3.16 miles
Extended Stay America - Chicago Midway

3.16 miles
Hampton Inn & Suites Chicago Midway Airport

3.17 miles
Fairfield Inn & Suites Chicago Midway Airport

3.18 miles
Holiday Inn Express Chicago Midway Airport

3.20 miles

Dearborn Wholesale Grocers

0.98 miles
Village Food Mart

1.06 miles
Walmart Neighborhood Market

1.12 miles
ALDI

1.71 miles
Rio Valley Market

1.76 miles
ALDI

2.00 miles
Go Green Community Fresh Market

2.07 miles
Pete's Produce

2.11 miles
Pete's Fresh Market

2.29 miles
Ross

2.32 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

7400 S. Artesian Avenue