Executive Summary
6825 S Perry Ave is a 44-unit vintage courtyard multifamily asset in Chicago’s Englewood submarket — a 1928 building totaling 26,000 SF. 9 Studio + 25 1BR/1BA + 10 2BR/1BA largely vacant — needing additional rehab to units and exterior to achieve pro forma rents. Operations underwrite NOI growth to $333,417 at stabilization on $718,200 of stabilized gross scheduled income.
