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

Key Details

SALE PRICE
Subject to Offer
BUILDING SIZE
31,500 SF
APARTMENT - NRSF
21,275 SF
RETAIL - NRSF
4,061 SF
LOT SIZE
6,250 SF
NUMBER OF APARTMENTS
55
NUMBER OF RETAIL
Four (4)
SUBMARKET
Lakeview