Property Overview

Interra Realty has been exclusively engaged to market the attached property for sale. The attached subject property is a seven-unit multifamily asset in Chicago's Gold Coast neighborhood. The property consists of 2 one-bedroom one-bathroom, 4 two-bedroom one-bathroom, and 1 four-bedroom two-bathroom apartment unit total. Each unit has been meticulously rehabbed with updated floors, new kitchens featuring quartz countertops and stainless steel appliances, in-unit laundry, individual hot-water heaters, and individual HVAC units. The property also features two on-site parking spaces, which is a rarity in this submarket. The building envelope also went through extensive rehab and featured new porches, a new roof, and immense facade work.

The building sits in Chicago's Gold Coast Neighborhood. Situated near popular Old Town, Gold Coast is one of the most popular neighborhoods in all of Chicago. Its steps from Lake Michigan, rich in history, and proximity to some of the world's most popular dining and retail make it a unique neighborhood that attracts millions of people year-over-year.

The attached subject property provides an opportunity for a new investor to step into an income-producing asset that will only continue to increase in value over time.

Learn more about this transaction here.

Highlights

  • Dynamic Gold Coast Location
  • Updated Apartments Throughout
  • Parking On-Site
  • In-Unit Laundry, Individual HVAC Units, and Individual Hot-water heaters

Key Details

Number of Units
Seven (7)
Submarket
Gold Coast
Sale Price
$2,250,000
Transaction Date
2023