7646 S Ingleside Ave Chicago, IL 60619

CRER is pleased to present 7646 S Ingleside Ave, a 31-unit apartment building located in Chicago’s Greater Grand Crossing neighborhood. The property includes a desirable unit mix consisting of (31) 2 bedroom, 1 bathroom units. Each apartment includes spacious floor plans with updated kitchen and baths throughout.

Capital improvements to the portfolio consist of updated electric/plumbing, renovated hallways, and on-site laundry. The current average rent is $1,561 and approximately 79% of the total rent roll is paid by various government subsidies. This is a great opportunity for an investor to acquire a fully stabilized property at a double-digit cap rate and a cash-on-cash return of over 20%.