7201 S Vincennes Ave
- Value Add Opportunity
- Unit Mix (4) Retail, (15) 1 Bedroom and (3) 2 Bedroom Units
- Desirable Greater Grand Crossing Market
Property Description
AW Properties Global is pleased to present the opportunity to acquire a lender-owned, 22-unit mixed-use property located in Chicago’s Greater Grand Crossing neighborhood. The four-story building, features a unit mix consisting of four (4) ground-floor retail spaces, fifteen (15) one-bedroom apartments, and three (3) two-bedroom apartments. The property is situated on an approximately 8,712-square-foot site and is equipped with a central boiler heating system. The property is currently 100% vacant, presenting a compelling value-add and repositioning opportunity for investors seeking to renovate, stabilize, and maximize the asset’s income-producing potential. The property is situated within a federally designated Qualified Opportunity Zone, offering potential tax advantages to eligible investors. This lender-owned property is being offered for sale in As-Is condition.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $600,000 |
| No. of Units: | 22 |
| Year Built: | 1926 |
| Lot Size: | 0.20 Acres |
| Opportunity Zone: | No |
| Price per unit: | $27,273 |
| Property Website | Click Here |
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