7609-11 S Essex Ave

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7609-11 S Essex Ave

Chicago, IL 60649
Asking Price
$550K
Cap Rate
7.84%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

6-Unit | All 3BR | 7% Cap | Value-Add | South Shore | $550K | 18%+ Upside at Market Rent <ul><li>​Significant Rent Growth Runway — In-place rents of $1,150–$1,700/mo compare to $1,750–$2,000 for comparable 3BD/2BA units recently rented within blocks — 30–48% upside to market on lease rollover.</li><li>​Tenant-Paid Utilities — All tenants pay electric and heat, keeping owner operating expenses lean and NOI resilient to utility cost inflation.</li><li>​All Large-Format 3-Bedroom Units — 5×3BD/2BA and 1×3BD/1BA — a unit type in chronic undersupply on the South Side, drawing strong dema

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,721.1
Annual Cash Flow
$47,346.801

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