Property Overview

Interra Realty has been exclusively engaged to market the attached subject property for sale. The attached subject opportunity is a five-unit multifamily asset located in Chicago's West Town Neighborhood. The building consists of one one-bedroom one-bathroom apartment, one three-bedroom two-bathroom apartment, and three four-bedroom two-bathroom apartments. Each unit has been rehabbed with new kitchens that feature quartz countertops, dishwashers, and stainless steel appliances. In addition, each unit has in-unit laundry, individual HVAC units, and individual hot-water heaters.

The building sits just west of Chicago's River West and north of booming West Loop. West Town has become one of the most popular rental submarkets in Chicago based on its location and rich culture. The neighborhood features easy access to public transportation, popular dining, retail, and some of Chicago's most popular parks.

The attached subject opportunity allows for a new investor to step into a corner building that produces income in one of the most up-and-coming neighborhoods in Chicago. The asset will undoubtedly continue to appreciate in value over time.

Highlights

  • Strong West Town Location
  • Rehabbed Apartment Units
  • Strong Unit Mix with Large Apartments
  • In-Unit Laundry, Individual HVAC Units, and Individual HW Heaters

Key Details

NUMBER OF UNITS
Five (5)
SUBMARKET
West Town
CAP RATE
5.96%
Sale Price
$1,985,000
Transaction Date
2022