Elegant, 31-unit courtyard apartment building. The property is situated steps from Starbucks Coffee at 71st and Cottage Grove, with excellent access to rail and bus transportation. South Shore has received a great deal of media attention with the announcement of the future Obama Library site, which will be located approximately 1.5 miles north of the property. The property offers investors the opportunity to acquire a well located multifamily asset, and add significant value through interior renovation. The property is professionally managed by a court appointed receiver and will be vacant at the time of closing. The property is currently 13% occupied.While the exterior envelope is in above-average condition, the building requires improvements to the following areas: * Unit clean-up and trash-out * Radiator repairs * New kitchens * New bathrooms * Many new floors * New paint throughout * New carpeting in stairwells * New roof Unit Mix: 13 studio; 1 1bed/1bath; 17 2bed/1bath
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For more information about 7115 S East End, Chicago, IL 60649 contact Corcoran Urban Real Estate.
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