Multifamily Housing
Chatham Portfolio Chicago, IL 60619
Details & Description
Price: $5,400,000
    Kiser Group is pleased to exclusively offer for purchase a unique and rare collection of five (5) buildings totaling 97 units in one of Chicago’s most desirable South Side neighborhoods, West Chatham. Known as The Chatham Portfolio, these five (5) buildings are all located within blocks of one another, and they are all fairly accessible via CTA bus and trains. Encompassed by an abundance of single family homes, West Chatham offers residents a suburban feel while still being in an urban environment.The Chatham Portfolio is comprised of 8157 S. Martin Luther King, a fourteen (14) unit walk up, 8016 S. Evans, a twenty-five (25) unit courtyard, 7953 S. Saint Lawrence, a nineteen (19) unit walk up, 7942 S. Champlain, a fourteen (14) unit courtyard, and 7851 S. Indiana, a twenty-six (26) unit mixed use property. The portfolio features an ideal unit mix of: four (4) retail spaces, thirteen (13) studios, fifty-nine (59) 1Bd/1Ba, and twenty-one (21) 2Bd/1Ba units.The Chatham Portfolio presents an investor an incredibly rare opportunity to acquire immediate scale in a rapidly growing neighborhood. From day one, an investor will realize a cap rate over 9.7% and a cash return of over 22.7%. Through improved leasing and raising rents to levels already being achieved, the Chatham Portfolio offers an investor the potential to reach a 13.68% cap rate and 38.57% cash return.
    Property Highlights
    Listing Agents
    Noah Birk

    O: 773-293-5090
    M: 630-209-3622
    nbirk@kisergroup.com
    Aaron Sklar

    O: 773-293-5032
    asklar@kisergroup.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.

    Chatham Portfolio

    Chicago, IL 60619

    Listing ID: 279972
    • Chatham Portfolio Chicago, IL 60619 | for Sale | Photo 1
    • Chatham Portfolio Chicago, IL 60619 | for Sale | Photo 2
    • Chatham Portfolio Chicago, IL 60619 | for Sale | Photo 3
    Chatham Portfolio | for Sale | Thumbnail 1
    Chatham Portfolio | for Sale | Thumbnail 2
    Chatham Portfolio | for Sale | Thumbnail 3
    Building Size: 67,800 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $79.65
    Land $/SF:
    Price
    $5,400,000
    Property Highlights
    97 Units
    9.72 In-Place Cap Rate
    22.73 Cash on Cash Return
    8016 S. Evans, 8157 S. MLK, 7851 S. Indiana, 7953 S. Saint Lawrence, 7942 S. Champlain
    Description

    Kiser Group is pleased to exclusively offer for purchase a unique and rare collection of five (5) buildings totaling 97 units in one of Chicago’s most desirable South Side neighborhoods, West Chatham. Known as The Chatham Portfolio, these five (5) buildings are all located within blocks of one another, and they are all fairly accessible via CTA bus and trains. Encompassed by an abundance of single family homes, West Chatham offers residents a suburban feel while still being in an urban environment.

    The Chatham Portfolio is comprised of 8157 S. Martin Luther King, a fourteen (14) unit walk up, 8016 S. Evans, a twenty-five (25) unit courtyard, 7953 S. Saint Lawrence, a nineteen (19) unit walk up, 7942 S. Champlain, a fourteen (14) unit courtyard, and 7851 S. Indiana, a twenty-six (26) unit mixed use property. The portfolio features an ideal unit mix of: four (4) retail spaces, thirteen (13) studios, fifty-nine (59) 1Bd/1Ba, and twenty-one (21) 2Bd/1Ba units.

    The Chatham Portfolio presents an investor an incredibly rare opportunity to acquire immediate scale in a rapidly growing neighborhood. From day one, an investor will realize a cap rate over 9.7% and a cash return of over 22.7%. Through improved leasing and raising rents to levels already being achieved, the Chatham Portfolio offers an investor the potential to reach a 13.68% cap rate and 38.57% cash return.

    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 Chatham Portfolio Chicago, IL 60619

    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 Population36,603278,763622,285
    Population Median Age413938
    Population by Age0-9 Yrs4179 (11%)33787 (12%)75206 (12%)
    10-19 Yrs3821 (10%)37062 (13%)80009 (12%)
    20-29 Yrs5500 (15%)41227 (14%)99137 (15%)
    30-39 Yrs4525 (12%)33639 (12%)79930 (12%)
    40-49 Yrs4019 (10%)33113 (11%)73395 (11%)
    50-59 Yrs5343 (14%)37962 (13%)79247 (12%)
    60-69 Yrs4963 (13%)31205 (11%)68988 (11%)
    70+ Yrs4253 (11%)30767 (11%)66373 (10%)
    Median HH Income$32,950$33,331$38,159
    Total Household Income< 24K6817 (41%)46460 (40%)92356 (36%)
    25-49K3781 (22%)27365 (24%)58439 (23%)
    50-74K2529 (15%)16053 (14%)37199 (14%)
    75-99K1621 (9%)10303 (9%)23948 (9%)
    100-199K1577 (9%)11889 (10%)33955 (13%)
    200K+222 (1%)1933 (1%)7599 (2%)
    Highest Education LevelNo Diploma32492439957171
    Diploma or GED698852155113598
    Some College800555779102648
    Assoc. Degree19221517330988
    Bachelors Degree35322385860459
    Higher Degree23481656053898
    Total Housing Units20,168142,633307,958
    --Owner-Occupied6,10842,231100,196
    --Renter-Occupied10,43871,772153,298
    Owner-Occupied Values< 100K11281057723559
    100-199K30922129546357
    200-299K1279719316443
    300-399K42115185926
    400-499K224613110
    500K+16611864801
    Total Working Age Population29,980223,350500,691
    In Work Force17,779128,476297,749
    Not In Work Force12,20294,874202,942
    Workforce Employed14,570106,438251,277
    Workforce Unemployed3,20922,01646,225
    Civlian Workforce17,779128,454297,502
    Military Workforce022247
    Total Households16,546114,003253,494
    Family Households7,46758,732130,645
    Non-Family Households9,07955,271122,850
    Married Couple2,19218,54052,507
    Other Family5,27540,19278,138
    Married w/Child6696,25419,385
    Single Male w/Child2771,9394,634
    Single Female w/Child2,03215,82129,280

    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 Chatham Portfolio in Chicago?
    The asking price for Chatham Portfolio is $5,400,000
    What is the building size of this Multifamily property in Chicago, IL?
    The size of the building/unit at Chatham Portfolio in Chicago is 67,800 square feet
    What is the population within 1 mile of Chatham Portfolio in Chicago?
    The population within 1 mile of Chatham Portfolio Chicago, IL 60619 is 36,603 people.
    Who do I contact for questions about Chatham Portfolio?
    You should contact the listing agent, Noah Birk, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Midway International Airport (MDW) 8
    Chicago O'Hare International Airport (ORD) 22
    South Bend Regional Airport (SBN) 67
    Price
    $5,400,000
    Listing Agent
    Listing Co-Agent
    Noah Birk - CRE Agent at

    Aaron Sklar

    Kiser Group
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