19-Unit Multifamily Investment

THE OPPORTUNITY

See the potential.

Executive Summary

Taty Management, LLC presents a 19-unit multifamily investment opportunity located in the Greater Grand Crossing neighborhood of Chicago.

The property offers strong in-place cash flow with a 10.93% cap rate, supported by 100% occupancy and a stable tenant base.

Current rents average approximately $1,091 per unit, providing a clear opportunity to increase revenue through a mark-to-market strategy. Comparable units in the surrounding market achieve rents between $1,250 and $1,400+, depending on condition.

This asset represents an opportunity to acquire a cash-flowing property at an attractive basis of $71,000 per unit, with additional upside through gradual rent increases and operational efficiencies.

HIGHLIGHTS

- High-yield investment with 10.93% in-place cap rate

- Stabilized asset with 100% occupancy

- Strong in-place cash flow (~$147K NOI)

- Below-market rents with ~20% upside

IMPROVMENTS:

- newer boiler , updated hot water tanks, copper plumbing and electric system

- repaired main sewer system

- new spot tuck pointing,

VALUE-ADD OPPORTUNITY

- The property is currently operating below market rents, presenting a clear opportunity for revenue growth.

Current vs Market Rents

- Average Current Rent: ~$1,100/unit

- Estimated Market Rent: $1,250–$1,400/unit

- Potential Increase: 20–27%

Upside Strategy

- Increase rents through turnover + light upgrades

Results

- Increased NOI

- Higher property valuation

- Strong cash-on-cash returns

• Investment

THE DETAILS THAT MATTER

A closer look.

Transaction

For sale

Property type

Multifamily

Building area

35,232 SF

Lot area

0.2 acres

Year built

1926

Zoning

Residential,

Price per building SF

$38.29/SF

Information is supplied by the listing source. Unpublished financial fields are omitted. Financial figures and availability should be independently confirmed. Catalog updated Oct 19, 2026.

6820 S Perry Ave, Chicago, IL 60621