Property Overview

Interra Realty has exclusively been engaged to market the attached portfolio for sale. The attached opportunity is a 48-unit, six building portfolio in Chicago’s Humboldt Park Neighborhood. The apartments all consist of either two-bedroom or three-bedroom units. Each building has been well maintained throughout the duration of the current ownership, which spans about 10+ years. Each property features individual furnaces and individual hot-water heaters for each unit.

The subject portfolio creates an opportunity for a new investor to step into a well-situated, income-producing asset and rehab each unit to push rental rates over time. Additionally, based on the proximity of each building, a new investor has the opportunity to reach immediate economies of scale in a relatively low-density / low velocity submarket in Chicago.

This building is offered individually and as a portfolio along with: 1123 N. Christiana Ave., 1456 N. Kedzie Ave., 3225 W. Division St. and 3427 W. Division St.

Highlights

  • Individual Hot-Water Heaters
  • Mix of Two and Three-Bedroom Units
  • Individual HVAC Units
  • Updated Kitchens and Bathrooms

Key Details

NUMBER OF UNITS
Four (4)
SUBMARKET
Humboldt Park
Transaction Date
2022