Active · For Sale · Multi Family 5+

Undisclosed, Chicago, IL 60615

MLS opportunity selected in connection with 7022 S PERRY AVE, CHICAGO, IL 60621

MLS #12685129

Undisclosed, Chicago, IL 60615
Undisclosed, Chicago, IL 60615CRER
Undisclosed, Chicago, IL 60615

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Undisclosed, Chicago, IL 60615

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The property

Executive summary

Exceptional opportunity to acquire a large multifamily asset featuring approximately 38 beds and positioned for shared housing, student housing, workforce housing, co-living, or short-term rental strategies. Located within close proximity to the University of Chicago and other major educational, healthcare, and employment centers, this asset presents a unique opportunity for investors seeking to capitalize on the growing demand for housing in one of Chicago's most active and rapidly evolving markets. The property's layout and scale make it particularly attractive for operators focused on shared housing initiatives, student accommodations, workforce housing, or alternative residential investment models. Its location near a world-renowned Ivy League-caliber institution and major neighborhood redevelopment activity creates multiple pathways for revenue generation and long-term value creation. This offering is being marketed confidentially. Financial information, property details, and exact location will be provided to qualified buyers upon request. Please contact the listing agent for additional information, financials, and access to the offering package.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$700,800
Reported Annual Expenses
$233,016
Estimated NOI
$467,784
Estimated Cap Rate
9.17%
Estimated GRM
7.28
Annual Taxes
$28,658 (2025)

Property Details

Units
38
Lot Dimensions
10000
Stories
3
Year Built
2000
Building Age
New Rehab
Construction
Brick
Roof
Flat
Zoning
COMMR
Parcel Number
20111140020000

Operations & Utilities

Heating
Forced Air
Cooling
Central Air

Location & Use

County
Cook
Market Area
Confidential Commercial Listings
Township
Hyde Park
Present Use
Multi-Family
Potential Use
Special Use, Single Room O

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.