13402 S Buffalo Ave
Multifamily | 4 Units | $0/unit
Marketing description
Horvath & Tremblay is pleased to present the opportunity to purchase the multi-family investment property located at 13402 S Buffalo Avenue in Chicago, Illinois (the “Property”). The Property is improved by a two-story brick building and contains three (3), 2-Bedroom/1-Bathroom units, one (1), 1-Bedroom/1-Bathroom unit, and one non-conforming 1-Bedroom/1 Bathroom unit with 3,600 square feet of living area in 4,000 square feet of total area on a 0.21-acre corner parcel of land. The well-maintained brick apartment building features green space, an on-site laundry facility, and a detached garage at the rear of the Property.
The property is in the Hegewisch neighborhood of Chicago located along the border of Illinois and Indiana. The property has excellent access to Interstates 90 and 94, US Route 41, IL Route 83, and IN Route 912, as well as convenient access to the Hegewisch Train Station with service on the South Shore Line. The quick highway and train access provides easy accessibility to both the Chicago Metropolitan Area and Northwest Indiana.
Investment highlights
STRONG RENTAL MARKET
Chicago’s Hegewisch neighborhood features a strong rental market, with a good school system and proximity to Chicago creating high demand and low vacancy.
TRANSIT ORIENTED LOCATION
The property is 0.2 miles from two CTA Bus stops, 0.5 miles from the Pace Bus line and 0.5 miles from the Hegewisch Train Station. The Property has excellent access to Interstates 90 and 94, US Route 41, IL Route 83, and IN Route 912. The quick highway access provides easy accessibility to both the Chicago Metropolitan Area and Northwest Indiana.
CONVENIENT SUBURBAN LOCATION
The Property is close to a multitude of retailers, restaurants, and businesses in the area positioned along Sibley Boulevard (IL Route 83), Torrence Avenue and Calumet Avenue, the area’s primary commercial corridors. The Property is 3+ miles from Pete’s Fresh Market, Dollar Tree, Family Dollar, Popeye’s & McDonald’s, and 4+ miles from the River Oaks Center (an enclosed Mall and Open-air Center).
AREA AMENITIES
The Property is approximately 1-mile from Burnham Woods and 2-miles from Big Marsh Park, nature preserves with walking and biking trails, picnic areas, and year-round outdoor activities. Green spaces are a defining feature of Hegewisch. Mann Park serves as a hub for recreation, offering facilities such as gymnasiums, an indoor swimming pool, and seasonal activities. The area is also home to Wolf Lake and the Powderhorn Prairie Marsh Nature Preserve, which provide opportunities for fishing, birdwatching, and hiking.
VALUE-ADD OPPORTUNITY In-place rents are significantly below the current market rent for comparable units in the area, the opportunity exists to update the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.
PROPERTY AMENITIES
The Property enjoys a fenced corner lot with ample green space and features an on site laundry facility, a covered front porch, and a detached garage at the rear of the Property.
ATTRACTIVE, LOW MAINTENANCE BRICK BUILDING
The two-story building features a brick construction, considered a low-cost, low maintenance exterior due to its durability, color retention, fire containment, and storm protection.
STRONG RENTAL DEMOGRAPHICS
Over 69,700 people live within 3-miles of the property with an average household income of $75,411. An impressive 230,700+ people live within 5-miles of the Property with an average household income of $74,301.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
