Interra Realty has been exclusively engaged to market for sale 1327 N. Homan Ave. The subject property is an eight (8) unit mixed use property consisting of seven (7) apartments, and one (1) retail space. Situated just two blocks west of Humboldt Park, the property is ideally located in the submarket with easy access to the main thoroughfares of North Ave. and Division St.
Apartments in this property have been retrofitted with individual forced air furnaces and individual hot water heaters. Apartments are spacious and feature hardwood flooring as well as moderate updates to kitchens and bathrooms. Units are a mix of (1) Retail Space, Five (5) 2BD/1BA, and Two (2) 3BD/1BA Units. Hot water tanks in the property as well as one set of wooden porches have been recently replaced.
A new investor has the opportunity to acquire a well-maintained property in a rapidly appreciating submarket within the city. Additionally, a new investor can achieve greater returns by completing an in-unit renovation program and bringing rents to market level.
- Ideal Humboldt Park Location | Two Blocks West of Park
- Diverse Mix of Spacious 2BD/1BA & 3BD/1BA Units
- Recent Tuckpointing and Lintel Work, Upgraded Copper Plumbing, Upgraded Hot Water Tanks, and Repaired Roof
- Individual Forced Air Furnaces and Individual Hot Water Tanks
- Value Add Potential | Under Market Rents