The Wood Street Portfolio
- 21-Unit Multifamily Portfolio across three contiguous buildings. Can be sold as a portfolio or individually.
- 7929 S Wood: 6 units (boiler building)
- 7935 S Wood: 7 units (individual furnaces & water heaters)
- 7957 S Wood: 8 units (individual furnaces & water heaters)
- Portfolio Proximity & Efficiency
- All three buildings located on the same block
- 15 of 21 units leased to CHA voucher tenants
- Strong Unit Mix: 2x 1Bd/1Ba | 8x 2Bd/1Ba | 10x 3Bd/1Ba | 1x 3Bd/2Ba
Property Description
Essex Realty Group, LLC is pleased to present the opportunity to acquire a 21-unit, three-building multifamily portfolio located in the Auburn Gresham neighborhood of Chicago’s South Side. The offering consists of 7929, 7935, and 7957 S Wood Street, all situated on the same block, allowing for efficient management and operational scale. The portfolio features a strong unit mix with a concentration of two- and three-bedroom units, as well as a stable tenant base supported in part by CHA voucher tenants. The properties benefit from a combination of building systems, including a boiler building at 7929 S Wood and individually metered units with separate furnaces and water heaters at 7935 and 7957 S Wood. With minimal vacancy and recent capital improvements, including roof work at two of the buildings, the portfolio offers investors immediate in-place income along with the opportunity to further enhance revenue through rent growth and operational efficiencies. This is a rare opportunity to acquire a well-located, contiguous portfolio in a strong workforce housing submarket.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,995,000 |
| No. of Units: | 21 |
| Year Built: | 1931 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Price per unit: | $95,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1825 S Crawford Road
Mt Pleasant, Michigan
1825 S Crawford Road
Mt Pleasant, Michigan
1825 S Crawford Road
Mt Pleasant, MichiganBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout