114 Unit Chicago South Side Portfolio
Interra Realty has been exclusively engaged to market for a sale, a three (3) property, 114-unit multifamily portfolio in Chicago’s Woodlawn and South Shore neighborhoods. The properties feature a desirable and diverse unit mix of studio, one, two and three bedroom apartments. The properties are professionally managed and have experienced an array of recent capital improvements to building exteriors, systems and units.
The portfolio offers new investors the ability to realize immediate economies of scale in two Chicago submarkets positioned for continued appreciation while offering superior returns compared to other core neighborhoods. There also remains additional upside in rent levels. All three
properties must be purchased together.
The current mortgage on the properties is assumable with a 1% fee plus/legal review fees: ~ approx. balance as of 12/1/2023 - $5,929,624, 3.29% rate and 1/1/2033 maturity.