South Shore Portolfio

Location: Chicago, IL
Type: Multifamily
Price: $ 5,400,000

The South Shore Portfolio is comprised of 3 non-contiguous, apartment buildings with a total of 167 residential units in Chicago, Illinois. The properties were built in 1926, 1927 and 1951, respectively. The two properties located at 6838 South Jeffery Blvd and 6938 South Jeffery Blvd are 4-story walk-up buildings. The property located at 7601 South Shore Drive is a 5-story elevator building. The portfolio is located in the densely populated residential communities in the South Side of Chicago, approximately 11 miles south of the Chicago CBD. SMC’s $5,400,000 first mortgage loan refinanced the existing debt of $4,800,000.