6849 South Clyde Avenue, Chicago, IL 60649

Property Description

6849 South Clyde Avenue, a 31-unit multifamily apartment building located in Chicago’s South Shore neighborhood on the east side of Clyde Avenue, between 68th and 69th Streets. The property is offered via competitive auction and represents a compelling value-add opportunity for investors seeking repositioning upside at a reset basis. Currently operating at approximately ~5% occupancy, the asset provides an investor the ability to execute a comprehensive lease-up strategy in a dense urban infill market with over 150,000 residents within three miles. The property benefits from exceptional transportation infrastructure, situated directly off Lake Shore Drive with convenient access to the Chatham/79th (Cheltenham) Street Metra Station and located just under two miles east of Interstate-90. The surrounding South Shore neighborhood is supported by a strong base of national retailers, including Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesar’s Pizza, among others, providing residents with essential everyday conveniences. Approximately 10 miles south of downtown Chicago, South Shore offers the density and connectivity of an urban neighborhood at pricing well below core city submarkets, creating an attractive risk-adjusted entry point for value-add multifamily investors.

Tours scheduled on June 4th & 18th.

Location Description

Positioned in the prestigious Jackson Park Highlands enclave, this exceptional property sits in the heart of Chicago’s vibrant South Shore community—one of the South Side’s most distinguished residential areas. Renowned for its architectural charm and strong neighborhood character, Jackson Park Highlands offers a rare blend of historic elegance, natural beauty, and long-term investment appeal.

Bordering an expansive lakeside park and just moments from Lake Michigan, the neighborhood is defined by quiet, elm-lined streets, stately homes, and meticulously maintained lawns that create a refined residential atmosphere. Development in Jackson Park Highlands began in 1905, when visionary developers introduced a curated collection of model homes overlooking Jackson Park. By the 1920s, the area had earned recognition as one of only three designated model neighborhoods in Chicago—an enduring testament to its thoughtful planning and architectural distinction.

Today, this prime location presents a compelling opportunity for multifamily and high-rise investors seeking to capitalize on a neighborhood known for its historic prestige, scenic surroundings, and continued growth potential within the dynamic South Shore market.