Interra Realty has been exclusively engaged to market 1 North Chestnut Avenue, Arlington Heights for sale. The offering consists of a 5 story, 40 unit condominium building in the Village of Arlington Heights with an exterior parking lot. Currently one entity owns 19 of 40 units in the complex. The property is being offered for sale as a whole via condominium deconversion, pending approval by 75% of the ownership.

The unit mix consists of 21 one-bedroom and 19 two-bedroom, two-bath units. Additionally, there are 24 garage spaces and 30 exterior spaces. The property was converted to condominiums in 2005 and is ideally situated in downtown Arlington Heights, close to public transportation, parks, retail and restaurants.

The subject investment offers a qualified investor the rare opportunity to acquire a generational asset within a low velocity submarket. Immediate value can be added through operational efficiencies and branding the property as a true rental community.

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