Location Summary

• The Subject property is located in the Chatham neighborhood on Chicago's south side, approximately 10 miles from the CDB. A strong history of African American-owned businesses established a solid base for a successful Chicago neighborhood that is still present in Chatham and spills over into residential blocks and a viable commercial and dining district. Chatham is mostly single-family units owing to its very middle-class history going back sixty years. For the most part, Chatham residents live in classic and frame houses with small green yards and shaded front sidewalks. The neighborhood still hosts traditional Chicago apartments for those looking to live on their own. There’s no single designated housing area in the neighborhood, but near Grand Crossing Park is a popular destination for those raising families. Along the main thoroughfares dozens of restaurants, takeout places, and neighborhood bars line the street, welcoming familiar faces to enjoy a meal and relax after a long day. Scattered among the eateries are a good selection of clothing stores and unique boutiques, with a Target on hand for the best in one-stop shopping. Chatham has a number of bars and clubs that are popular among locals and those living in bordering neighborhoods. Another option for a night out is live music at one of the few jazz-friendly lounges in the area. For those looking for a different crowd on their Friday nights, there's always a chance to catch a movie at the local theater. Chatham has long been home to many city employees which has given it a heavy middle-class influence. The area is largely populated by families and that is related to the high quality of schools in the area, including the well known Simeon Career Academy. Because there are so many long-time residents, not much has changed in Chatham over the years.
• Atlas Management is pleased to present, for sale, 8229 S. King Drive, in Chicago, IL. The Subject property is a six-unit apartment building located in the Chatham neighborhood on Chicago's south side. Set on two parcels totaling 5,530 SF, the three-story property features 5 2bed/2bath and 1 1bed/1bath rental units. Each unit has its own baseboard heated boiler system. The units have various finishes as they have each been renovated at different times over the past few years. Each unit is separately metered for gas and electric. There is a central, 75-gallon hot water tank along with coin-operating laundry machines in the building's lower level. There is a small parking lot in the rear with capacity for four vehicles. The property is currently 100% leased with one move-out expected in March-2019..