Property Overview
Interra Realty has been exclusively engaged to market 1730 W. Greenleaf, Chicago, for sale. The subject investment property is a 30 unit multifamily asset in the Rogers Park Neighborhood of Chicago's northside. The property is a combination of a full adaptive reuse renovation (floors 1-2 and the basement) with a new construction addition (floors 3-4). The facade of the building maintains its vintage charm through the preservation of the original terracotta, along with the careful integration of new face brick to match the addition.
The apartments are appointed with contemporary, but timeless finishes. All units have individual HVAC and in-unit laundry. Select floorplans also offer private balconies. Common area amenities include elevator service, keyless entry systems, and bike storage. There is abundant raw basement space that is
ripe for adding more amenity space.
A new investor has the opportunity to acquire a full concrete and brick building with only 10% affordable on-site in a submarket that is well-positioned for future rent growth.
Highlights
- Combination of New Construction and Adaptive Re-Use Renovation
- Facade Maintains Vintage Characteristics Adding to Curb Appeal
- High-Quality, Modern Finishes in the Apartments
- All Concrete and Brick Structure
- Ability to Add Common Area Amenity Space in Basement