Property Overview
Roscoe Plaza Apartments
1650 W. Roscoe Street, "Roscoe Plaza Apartments", is a six-story, 59 unit, mixed-use building, located in the highly desirable Lakeview neighborhood. This unique property offers impressive vintage curb appeal with many historic details. The 55 rental units have open-concept layouts perfect for adding modern finishes to appeal to the current day renter. Located at the intersection of Roscoe & Paulina, the 4 retail spaces have great street visibility with a strong anchor tenant.
Ownership has taken great pride in operating and maintaining this beautiful property. Over the years, there have been many capital-intensive projects undertaken including upgrading the electrical service with in-unit panels, extensive tuckpointing, installing Pella windows, and replacing ~50-75% of the plumbing.
Highlights
- Prime Lakeview Location
- Beautiful Vintage Building with Great Character
- Adjacent to Paulina Brown Line Stop
- Multiple Value Add Strategies
- Ability to Reconfigure / Add Bedrooms to 10 Apartments
- Unutilized 294 SF Room Next to Lobby
- Large Basement Space to Add Amenities