Property Overview

Interra Realty has been exclusively engaged to bring to market 1554 W. Hollywood Avenue, an eleven (11) unit mixed use asset in Andersonville. The property features a small retail space and high end modern residential units renovated in 2018. The property sits at the cross-intersection of Hollywood, Ashland & Clark in the Andersonville neighborhood of Chicago across the street from restaurants and shopping. Units feature hardwood floors throughout, granite countertops and stainless steel appliances in the kitchen area, and an in-unit washer/dryer.

The property features smart technology locks & intercom, Nest thermostats, and ten (10) garage parking spaces. The Andersonville area is bursting with activity, as both local and national businesses line the streets of Clark and Ashland. The property is a 10-minute walk to the Bryn Mawr Red Line stop.

Current loan with Greystone is assumable with 1% fee plus legal/review fees. Loan terms include: $2,213,624 balance, 4.3% rate and 2/1/2028 maturity date.

Learn more about this transaction here

Highlights

  • Eleven (11) Unit Mixed Use Asset in Andersonville
  • High End Modernized Units Renovated as of 2018
  • Attractive Unit Mix of One and Two Bedroom Apartments
  • Apartments Feature, Stainless Steel Appliances, Smart Locks, Nest Thermostats, In-Unit Laundry, Central HVAC & Intercom System
  • Garage Parking – 10 Indoor Spaces
  • Assumable Debt: 4.3% Interest Rate, 2018 Maturity Date w/ Greystone

Key Details

Number of Units
Eleven (11) Total Units
Ten (10) Residential
One (1) Commercial
Submarket
Andersonville
Parking
Ten (10) Indoor Garage Spaces
Transaction Date
2023
Sale Price
$3,050,000