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6359 S Mozart StChicago, IL 60629
6359 South Mozart Street
Asset ClassMultifamily
Square Feet7,600
Value-Add 10-Unit Multifamily in Chicago Lawn | Strong Unit Mix & Upside Potential
overview of deal

Overview

6359 Mozart is a 10-unit multifamily property strategically positioned in Chicago Lawn, featuring a well-balanced unit mix of 8 two-bedroom and 2 one-bathroom units. The property's configuration provides strong appeal to a diverse tenant base, from young professionals and couples seeking efficient one-bedroom layouts to families and roommates requiring the additional space and privacy of two-bedroom units, with the majority two-bedroom inventory positioning the asset to capture higher rental rates and attract longer-term tenants.

 

This asset presents a strong cash flow opportunity from the big rents being acheived and furnaces in each unit allowing owners to pass all gas expenses off to tenants. Current owner completed refreshed the building in 2024 after updating all units, installing new vinyl windows and completing a spot tuckpointing project.

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Investment Highlights

  • All units updated as of 2024
  • Attractive unit mix featuring 8 2bed units and 2 1bed units
  • Forced air furnace heat
  • 1bed units achieving rent of $1,250 and 2bed rents up to $1,500
  • Separately metered for gas and electric
  • Electric breaker panels in each unit
  • New vinyl windows installed in 2024
  • Spot tuckpointing completed in 2024
  • Attractive Chicago Lawn location
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6359 S Mozart StChicago, IL 60629

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Listing provided by Revere CRE