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OFFERING INTRODUCTION

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Matthews Real Estate Investment Services™ has been appointed as the exclusive advisor and agent to sell The Southside Gold Portfolio, a predominantly voucher-subsidized apartment portfolio situated in Chicago, IL. The portfolio includes 12 fully renovated properties, offering a total of 212 units, with 84% of tenants benefiting from government-backed voucher subsidies to cover most of their rent. This is listed as a portfolio and not available individually. 

PORTFOLIO OVERVIEW

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  • A diverse mix of one, two, three, and four-bedroom apartments,
    along with a few mixed-use commercial spaces
  • Well maintained and stabilized with 91% Occupancy comprised
    mostly of subsidized rent.
  • Attractive Assumable Debt: $15.3m Balance 4.93% Interest Rate,
    maturing 8/29.
  • Opportunity to increase NOI immediately through reductions in
    tax assessments.
  • Total Cap Rate: 8.6%

MARKET OVERVIEW

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CHICAGO, IL
 
Chicago, Illinois, is a major urban center with a population of approximately 2.7 million people, making it the third-most populous city in the United States. The city serves as a critical economic hub, contributing significantly to the national economy.
 
Chicago’s Gross State Product (GSP) stands at over $350 billion, reflecting its robust economic infrastructure and diverse industrial base. The city has experienced steady economic growth over the years, with an expanding economy supported by key sectors such as finance, technology, manufacturing, and healthcare.
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COOK COUNTY
 
Cook County, encompassing much of the Chicago metropolitan area, is a vibrant region in northeastern Illinois. As the second-most populous county in the  United States, it is a bustling hub of activity and culture, home to a rich tapestry of neighborhoods and communities. Chicago, its largest city, serves as a major economic, cultural, and political center, offering world-renowned museums, theaters, and restaurants. With a blend of urban energy and suburban tranquility, Cook County reflects the complexity and vibrancy of modern American life. 

In recent years, Cook County has experienced substantial growth, driven by a combination of economic development and population shifts. Chicago’s downtown revitalization, coupled with new infrastructure projects and a burgeoning tech sector, has attracted businesses and residents alike. Suburban areas within the county have also seen increased development, with expanded housing options and enhanced amenities drawing new families and young professionals. This growth reflects a broader trend of urban renewal and suburban expansion, positioning Cook County as a dynamic and evolving region within the Chicago metropolitan area.

PORTFOLIO OF PROPERTIES AVAILABLE

Hadar Goldman Tranche 8 Portfolio - IL - OM
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Hadar Goldman Tranche 8 Portfolio - IL - OM40
Hadar Goldman Tranche 8 Portfolio - IL - OM44
Hadar Goldman Tranche 8 Portfolio - IL - OM49

LOCATION MAP

HADAR GOLDMAN TRANCHE 8 - Map@4x
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CONTACT US
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Mike Blake
Associate
 
License No. 475.196083 (IL)
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Joshua Bluestein
Associate Market Leader
 
License No. 10401291460 (NY)
 
Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)