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6501 S Maplewood Ave
Chicago, IL 60629 Marquette Park

$825,000 USD

Apartments For Sale • 9,200 SF

Property Details

Property Type Apartments
Total Building Size 9,200 SF
Lot Size 0.17 AC
Building Class C
Year Built 1921
Cap Rate 8.34 %
Zoning RS-3, Chicago

59 Transit Score

60 Walk Score

                
                    Highlights
                
                                Favorable Unit Mix Features Six One-Bed/One-Bath, Three Two-Bed/One-Bath, and Two Three-Bed/One-Bath Units
                            
                                Major CapEx Improvements Include Seven Full Unit Renovations and a Brand New Boiler in 2022. Lentils Replaced in 2024
                            
                                Three Units Have Opportunity for Upside Through Renovations and Rent Increases
                            
                                91% Subsidized Rents Upon Stabilization

Cap Rate:

8.34 %

Amenities

Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
Wrightwood Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra))	6 min	-	2.9 mi
Ashburn Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra))	7 min	-	3.7 mi
Airport	Drive	Walk	Distance
Chicago Midway International	9 min	-	4.7 mi
Chicago O'Hare International	41 min	-	24.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Kyle Stengle 312-327-5455 Marcus & Millichap

6501 S Maplewood Ave Chicago, IL 60629 Marquette Park