Interra Realty has been exclusively engaged to market a seven property, 158 unit portfolio of multifamily assets for sale. The properties are concentrated primarily on Chicago’s West Side, in the Austin and Garfield Park neighborhoods. The largest of the seven properties is located on Chicago’s South Side in the Grand Crossing neighborhood. The property styles are 3 and 4 story walk ups and two of the properties offer on site parking for tenant convenience.

Each property has been extensively rehabbed with newer MEP and building envelope improvements. The portfolio features a wide range of apartment sizes and floor plans, with 6/7 properties featuring individual tenant paid heat. Every unit has a modern aesthetic and market leading finish levels, in addition to all properties having refreshed common area hallways.

All seven properties have recently been awarded 35% property tax assessment reductions through the AHSAP program in Cook County, creating a substantial long-term cash flow enhancement. In addition, the majority of tenancy across the portfolio is CHA Housing Choice Voucher Tenants, which provide for cash flow stability through subsidized payment. The properties are being offered as a portfolio with assumable debt through Fannie Mae ($13,977,000 balance, 6.04%, Interest Only Through June 2025, July 2030 Maturity, 1% assumption fee). The portfolio presents qualified investors with a unique opportunity to own stabilized, cash flowing, extensively rehabbed apartment buildings while gaining immediate scale.