Multifamily Housing
7237 South Bennett Avenue Chicago, IL 60649
Details & Description
Price: $700,000
    SVN Chicago Commercial is pleased to present a 24-unit multifamily building located in Chicago's south side neighborhood of South Shore. The building consists of [12] 1 bedroom and [12] 2 bedroom units. Recent upgrades to the building include a new boiler in 2006 and new wiring to the units. The property is approximately 79% vacant which makes it a true value add opportunity. The property, built in 1929, is zoned RT-4 and situated on a 12,060 sq. ft. parcel of land.HighlightsTrue Value Add Opportunity: 79% VacantDesirable Unit mix: [12] 2 BedroomUpdated ElectricProximity to Public Transportation
    Listing Agents
    Jeffrey Baasch

    O: 312-676-1873
    M: 312-286-0141
    Jeffrey.baasch@svn.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    7237 South Bennett Avenue

    Chicago, IL 60649

    Listing ID: 219484
    • 7237 South Bennett Avenue Chicago, IL 60649 | for Sale | Photo 1
    • 7237 South Bennett Avenue Chicago, IL 60649 | for Sale | Photo 2
    • 7237 South Bennett Avenue Chicago, IL 60649 | for Sale | Photo 3
    7237 South Bennett Avenue | for Sale | Thumbnail 1
    7237 South Bennett Avenue | for Sale | Thumbnail 2
    7237 South Bennett Avenue | for Sale | Thumbnail 3
    Building Size: 14,472 SF
    Lot Size: --
    Land Size: 12,060 SF
    Building $/SF: $48.37
    Land $/SF: $58.04
    Price
    $700,000
    Description

    SVN Chicago Commercial is pleased to present a 24-unit multifamily building located in Chicago's south side neighborhood of South Shore. The building consists of [12] 1 bedroom and [12] 2 bedroom units. Recent upgrades to the building include a new boiler in 2006 and new wiring to the units. The property is approximately 79% vacant which makes it a true value add opportunity. The property, built in 1929, is zoned RT-4 and situated on a 12,060 sq. ft. parcel of land.

    Highlights

    True Value Add Opportunity: 79% Vacant

    Desirable Unit mix: [12] 2 Bedroom

    Updated Electric

    Proximity to Public Transportation

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

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    Chicago Area Market Trends

    Listing Demographics for 7237 South Bennett Avenue Chicago, IL 60649

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population46,762258,490502,076
    Population Median Age383838
    Population by Age0-9 Yrs5782 (12%)28812 (11%)59789 (11%)
    10-19 Yrs5645 (12%)31284 (12%)64346 (12%)
    20-29 Yrs6802 (14%)45985 (17%)82612 (16%)
    30-39 Yrs6774 (14%)34924 (13%)65874 (13%)
    40-49 Yrs6086 (13%)30011 (11%)59235 (11%)
    50-59 Yrs5799 (12%)31854 (12%)62163 (12%)
    60-69 Yrs5538 (11%)29430 (11%)55478 (11%)
    70+ Yrs4336 (9%)26191 (10%)52579 (10%)
    Median HH Income$32,719$36,770$36,310
    Total Household Income< 24K9076 (42%)43915 (37%)81518 (38%)
    25-49K4836 (22%)25967 (22%)48862 (22%)
    50-74K2758 (12%)16250 (14%)30954 (14%)
    75-99K1801 (8%)11040 (9%)19832 (9%)
    100-199K2349 (11%)14615 (12%)26491 (12%)
    200K+471 (2%)4006 (3%)6048 (2%)
    Highest Education LevelNo Diploma31041869544402
    Diploma or GED78664113787503
    Some College97124399983599
    Assoc. Degree32091288225104
    Bachelors Degree45792879550834
    Higher Degree37383031746520
    Total Housing Units26,527140,973260,834
    --Owner-Occupied5,32636,96574,348
    --Renter-Occupied15,96578,828139,357
    Owner-Occupied Values< 100K1536795017784
    100-199K19391611834435
    200-299K1111685311813
    300-399K33222473980
    400-499K16613292217
    500K+24224674119
    Total Working Age Population37,231212,103404,817
    In Work Force22,913127,643240,079
    Not In Work Force14,31884,461164,738
    Workforce Employed19,321109,671202,574
    Workforce Unemployed3,59117,84637,256
    Civlian Workforce22,913127,517239,831
    Military Workforce0126248
    Total Households21,291115,792213,705
    Family Households9,03750,737103,944
    Non-Family Households12,25465,055109,761
    Married Couple2,74419,07038,186
    Other Family6,29331,66765,758
    Married w/Child1,0506,63913,672
    Single Male w/Child1821,6623,919
    Single Female w/Child2,79512,91325,808

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243
    Will County502,266+35677,560+34907,625+201,093,207
    Indiana6,080,485+76,483,802+46,738,573+47,014,880
    Lake County484,564+2496,005-3479,815+1482,321

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 7237 South Bennett Avenue in Chicago?
    The asking price for 7237 South Bennett Avenue is $700,000
    What is the building size of this Multifamily property in Chicago, IL?
    The size of the building/unit at 7237 South Bennett Avenue in Chicago is 14,472 square feet
    What is the population within 1 mile of 7237 South Bennett Avenue in Chicago?
    The population within 1 mile of 7237 South Bennett Avenue Chicago, IL 60649 is 46,762 people.
    Who do I contact for questions about 7237 South Bennett Avenue?
    You should contact the listing agent, Jeffrey Baasch, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Midway International Airport (MDW) 9
    Chicago O'Hare International Airport (ORD) 22
    South Bend Regional Airport (SBN) 65
    Price
    $700,000
    Listing Agent
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