7800-7822 S LAFLIN ST

7800-7822 S Laflin St, Chicago, IL 60620
$6,150,000

Cap Rate
8.20%
GRM
5.98
Units
100
Year Built
1922/1928
NOI
$504,291
Property Type
Apartments

Broker of Record

  • Matthew M. Fitzgerald
  • License No. 478027547 (IL)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203

7800-7822 S Laflin St is a 100-unit portfolio consisting of three (3) contiguous buildings within Chicago’s south side neighborhood of Gresham. The portfolio includes a unit mix of (38) – studios, (46) – 1 bed 1 bath, (15) – 2 bed 1 bath, and (1) – 3 bed 1 bath unit. The portfolio also includes secured entry, laundry facilities, attractive assumable debt, and recent capital improvements. The units are spacious with new flooring throughout along with recently updated bathrooms and kitchens with granite countertops and new appliances. Capital improvements made to the property include newer roofs, central boilers, plumbing and electric, and an abundance of masonry and tuckpointing. The assumable debt features a fixed interest rate of 3.6% at approximately 70% LTV.

The subject property is located near the intersection of Ashland Ave and 79th Street and in proximity to national retailers all along Ashland Ave such as Walmart Neighborhood Market, Burger King, Dollar Tree, AutoZone, and many more. The Gresham community offers over 250 acres of forest preserve with athletic fields, jogging trails, and the Beverly Country Club. Locally owned restaurants, churches, public and private schools, banks, grocery stores, and convenience stores reside throughout Gresham. Enjoy family-friendly entertainment at the roller-skating rink and bowling alley located in Martin Luther King Jr. Park or visit Foster Park to access lush lawns, swimming pool, playground, fitness center, sports fields, and courts. Transportation options available in Chicago include Ashland & 63rd Street Station, located ±2 miles, or the CTA bus 9, X9, 79, 169 located on the corner of Ashland & 79th Street. 7800-7822 S Laflin Street is located ±10 miles from downtown Chicago and is near Chicago Midway International, Richard J. Daley College, Chicago State University, and Saint Xavier University.