Property Overview
Interra Realty has been exclusively engaged to present for sale 4854 W. Armitage Ave. Located in Chicago's Belmont Cragin neighborhood, the subject property is a (6) unit multifamily asset featuring (5) 2 BD/1 BA & (1) 1 BD/1 BA unit layout. There is a strong value add component through
the rehab and renovation of existing units and bring rents to market levels. There is also an ability to add on a 7th garden unit.
There are invidivual furnances and water tanks in every unit and there is a on-site laundry room for tenant convenience.
A qualified investor has the opportunity to acquire a strong value add investment in a fast apprecating submarket through the renovation and repositioning of all units and the increasing of rents to market levels upon tenant turnover.
Highlights
- Desirable Unit Mix: (5) 2 BD/1 BA & (1) 1 BD/1 BA
- Value Add Component-Under Market Rents
- Ability to Add 7th Garden Unit Through Renovation
- On-Site Laundry and Garage
- Individual Furnances and Water Tanks Throughout
- Located off Main Commercial Throughfare
- Fast Appreciating Submarket