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.

Highlights

  • Four (4) Parking Spaces
  • Tenant Storage On-Site
  • Common Laundry On-Site

Key Details

NUMBER OF UNITS
Seven (7)
SUBMARKET
Humboldt Park
Transaction Date
2023
Sale Price
$955,000